“We are delighted to back a first-class team on their growth journey and to crowd in significant private capital. Leap Automation is aligned to the Bank’s missions; creating skilled jobs in the northeast and helping to create and scale a more competitive and diversified economy through innovation.”
Key Information
Key Mission
Harnessing Innovation
Amount Invested
£3.5m
Location
Aberdeen
Co-Funders
Mercia Ventures, WA Capital
Key Quote
Ben Stuart, CEO of Leap AI, said: “From the outset we have strived to build simple, flexible and cost-effective robotic systems that solve our customers’ most pressing challenges. The need is greater now than ever before, with labour shortages costing the UK food sector over £1.4bn last year. This funding will enable us to increase headcount, scale our operations and solve more problems for more customers through further product development.”
L-R: Jonny Nixon, Investment Director, Mercia Ventures; (second person UNKNOWN); Ben Bamford, Co-CEO and Chief Technology Officer, Leap AI; Jane Reoch, Executive Director, Scottish National Investment Bank; Ben Stuart CEO, Leap AI; Simon Comer, Director –
Leap AI
Co-CEO and Chief Technology Officer, Leap AI; Jane Reoch, Executive Director, Scottish National Investment Bank; Ben Stuart CEO, Leap AI; Simon Comer, Director – Innovation, Scottish National Investment Bank
Leap AI
Alignment to the United Nation's Sustainable Development Goals
All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:
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Goal 8
Decent Work and Economic Growth
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Goal 9
