London fintech raises £17m from Silicon Valley backers
A London-based fintech that goals to simplify and streamline billing and invoicing for companies has been backed by Silicon Valley VC Andreessen Horowitz – the early backer of Airbnb, Fb and Slack.
Sequence, a B2B software program start-up which helps with billing templates and amassing funds, secured $19m (£16.8m) in its first funding spherical and is led by considered one of few feminine founders within the fintech business.
Pre-packed dwelling start-up handed £10m
A start-up that enables net-zero houses to be constructed rapidly and extra sustainably has raised £10m in Sequence A funding. Sustainable Future Ventures (SFV), Regal London, CEMEX Ventures, Blackhorn Ventures GroundBreak Ventures, Goldachre and Leela Capital participated within the spherical.
London-based Modulous goals to enhance building effectivity by its “package of elements” pack that may be assembled near web site. The elements have a digital equal on the corporate’s software program platform so architects can save time on design and see if a undertaking is economically viable from the outset.
Tuber Group eats up recent produce agency for £4.8m
Tuber Group accomplished the acquisition of recent produce enterprise MyFresh after finance dealer Attain Business Finance secured three completely different funding options price £4.8m.
Hull-based Tuber Group trades recent and frozen produce globally to B2B and retail shoppers. Bedfordshire-based MyFresh is the UK’s largest freshly ready produce enterprise, prepping greens and producing pastes for the meals service business.
Buyer success platform logs £4m
London and Madrid-based SaaS platform Velaris has secured £4.1m in seed funding led by Octopus Ventures. Zaka and Fintech 365 additionally participated within the spherical.
A platform for B2B tech firms, Velaris is a platform for companies to view and organise how they handle their clients. Completely different dashboards reveal buyer contact factors and comprise data like electronic mail conversations, renewal dates and exercise historical past.
Scientific trial software program raises £2.5m
Medtech start-up Sew raised £2.5m in a seed funding spherical led by Join Ventures. Additional funding got here from Type Ventures, Increase Capital and angel buyers.
Sew is a platform that gives clear communication to sufferers previous to a scientific trial and measures their knowledge to enhance future trials. It may be used to foretell dropouts and get a affected person’s opinion on research know-how.
Speech to textual content start-up secures £2.4m
London-based AI start-up NeuralSpace raised £2.4m in seed funding with a £960,000 add-on funding for its speech to textual content platform. Merus Capital and GoHub co-led the spherical with participation from APX, Techstars and Verissimo.
NeuralSpace makes use of AI to recognise completely different languages, then translate and convert that speech into textual content, which may then be used for multi-language customer support chatbots on web sites.
Oil testing machine fuelled with £2.2m
An Aberdeen-based lab tech agency raised £2.2m from Edinburgh-based Par Fairness, with additional capital acquired from current buyers Eos, Newable Ventures and Scottish Enterprise.
RAB-Microfluidics is a cellular oil pattern evaluation start-up for the oil and fuel, aerospace and maritime industries. Its machine displays engine well being by testing lubricating oil obtained from equipment to check for contamination and put on, giving lab-standard outcomes remotely.
College of Bristol spin-out digests £300,000
Ferryx, a Bristol-based spinout that develops a bacterial answer to intestine irritation, secured £300,000 from Deepbridge Capital.
Ferryx’s product is a probiotic with demonstrated anti-inflammatory properties that thrives throughout energetic irritation. There’s presently no different probiotic that may perform during times of energetic irritation.
Extra Offers of the Week
Offers of the Week Sept 12 to Sept 16 – a Development Enterprise round-up
Offers of the Week Sept 5 to Sept 9 – a Development Enterprise round-up