Seed Weekly — 5th November
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This week was a little quieter, with fewer deals across the board. Beauhurst this week published a UK focused report which outlined how the UK ecosystem is maturing; with Q3 seeing a record average deal size of £7.68m, up from £7.09m in the previous quarter. However, Q3 was the lowest quarter for deal numbers in 5 years.
The largest funding round of the week was London based Zamna, providing identity verification for passengers in the aviation industry.
Edition 5 will be published Tuesday 12th November.
Figures this week:
Funding rounds covered:
24Countries covered:
7Largest round:
$5,000,000Estimated funds raised:
~$33,937,000 (Note: not all deals are outlined below)
Most active country:
🇬🇧GBR
Most common categories:
💳FinTech,
⛓️Blockchain,
🤖Artificial Intelligence.
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🇬🇧GBR ~$20,437,000
Zamna
Category: Blockchain, Identity Management.
Description: Are building GDPR compliant identity platforms for the aviation industry, using Blockchain technology.
Raised: $5,000,000 (Seed)
Investors: LocalGlobe, Oxford Capital Partners, Seedcamp, London co-investment fund and others.
Location: London, UK.
Koyo
Category: FinTech, Personal Finance.
Description: Koyo provides loans intended for people with short credit histories. The company offers fairly priced credit and also coaches the customers on things they can do to improve their credit score, enabling young people, immigrants and students to receive competitively priced financial products.
Raised: $5,000,000 (Seed)
Investors: Seedcamp, Forward Partners, Frontline Ventures and others.
Location: London, UK.
Cervest
Category: Agriculture, Machine Learning, Artifical Intelligence
Description: The Cervest platform uses machine learning to generate real-time streamed ‘climate signals’ to answer questions linked to climate uncertainty, land, and natural resources.
Raised: £3,700,000 (Seed)
Investors: Future Positive Capital
Location: London, UK.
Keyless
Category: Cyber-security, Blockchain, Biometrics
Description: Keyless is building a privacy-first biometric authentication and personal identity management platform that eliminates the need for businesses to centrally store and manage passwords, cryptographic keys, and other authentication data, without compromising on convenience.
Raised: $2,200,000 (Pre-Seed)
Investors: Ripple, gumi Crypto Capital and others.
Location: London, UK.
Diaspora
Category: FinTech
Description: Diaspora is a Trade Finance Facilitation Business connecting SMEs to debt, trade finance, high yield investors.
Raised: £1,300,000 (Seed)
Investors: Unknown.
Location: London, UK.
CorrosionRADAR
Category: IoT, Artificial Intelligence
Description: Smarter infrastructure using Industrial Internet of Things and Predictive Analytics in order to manage infrastructural corrosion.
Raised: £1,000,000 (Seed)
Investors: Mercia Fund Management.
Location: Cambridge, UK.
Turing Intelligence Technology Limited
Category: Artificial Intelligence
Description: TurinTech is a research-driven Artificial Intelligence company that spun out from University College London (UCL), specialising in applying cutting edge research in AI & ML to provide machine learning models and optimisation services.
Raised: £1,000,000 (Seed)
Investors: IQ Capital.
Location: London, UK.
Rosa Biotech
Category: BioTech, Machine Learning.
Description: Rosa Biotech is an AI-driven biosensing and diagnostics company based in Bristol.
Raised: £760,000 (Pre-Seed)
Investors: Nationwide Building Society
Location: Bristol, UK.
Webiny
Category: Developer Tools
Description: Webiny is a content management system designed to run inside a serverless environment.
Raised: $347,000 (Seed)
Investors: Episode 1.
Location: London, UK.
skingz
Category: AdTech, Augmented Reality
Description: A Precise Location AR platform providing an Enterprise API/SDK that is capable of placing digital content anywhere on the planet.
Raised: $130,000 (Seed)
Investors: Prototype Capital
Location: Middlesborough, UK.
Switchd
Category: Energy, Consumer
Description: Switchd automatically switches their customers to the best energy deal, saving them time and money.
Raised: Undisclosed (Seed)
Investors: Nationwide Building Society
Location: London, UK.
Qardus
Category: FinTech
Description: Qardus is an ethical business financing platform in the UK.
Raised: Undisclosed (Pre-Seed)
Investors: Nationwide Building Society
Location: London, UK.
🇸🇬SGP ~$4,700,000
Milieu Insight
Category: Market Research
Description: Milieu Insight is a consumer data and analytics startup.
Raised: $2,400,000 (Seed)
Investors: MassMutual Ventures
Location: Singapore.
CHILD Health Imprints
Category: Health Care
Description: CHILD Health Imprints (CHIL) is a technology company focusing on neonatal clinical care.
Raised: $2,300,000 (Seed)
Investors: SEEDS Capital and HealthXCapital
Location: Singapore.
🇮🇳IND ~$2,900,000
Woovly
Category: Adventure, Travel.
Description: A social discovery platform for people and their unique experiences to create a bucket list.
Raised: $2,300,000 (Seed)
Investors: Duane Park.
Location: Bengalaru, India.
Fasal
Category: AgTech, Artificial Intelligence
Description: Fasal an AI-powered agri-tech platform for Agriculture ecosystems that records a variety of growing conditions on the farm, and delivers actionable insights to a device.
Raised: $1,600,000 (Seed)
Investors: Wavemaker Partners, Artesian VC and others.
Location: Bengalaru, India.
Captain Zack
Category: Consumer, Pet
Description: Captain Zack is a pet grooming brand formulated with the objective of giving comfort to canines.
Raised: $1,500,000 (Seed)
Investors: Various investors.
Location: Mumbai, India.

🇩🇪DEU ~$2,800,000
Bunch
Category: HRTech, Analytics
Description: Bunch is a team management platform helps high-growth companies to develop a strong culture, increase performance & hire the best.
Raised: $1,500,000 (Seed)
Investors: M13
Location: Berlin, Germany.
CUREosity
Category: Medical, Virtual Reality
Description: Work with advanced, new technologies such as Virtual Reality, Augmented Reality, biosensors, neuro-monitors with brain-computer interfaces and interactive experience design programs.
Raised: $1,100,000 (Seed)
Investors: Rhein Invest.
Location: Düsseldorf, Germany.
Yolife
Category: Artificial Intelligence, Health Care
Description: Yolife is a mobile app that coaches people how to live longer in good health
Raised: $100,000 (Seed)
Investors: APX.
Location: Berlin, Germany.
Onetool
Category: Analytics, SaaS
Description: Onetool offers one flexible subscription with access to all SaaS-software that you need to run a business.
Raised: $100,000 (Seed)
Investors: High-Tech Grunderfonds
Location: Berlin, Germany.
🇸🇪SWE ~€2,500,000
BetterWealth
Category: FinTech
Description: Better Wealth provides automated investment advisory services.
Raised: $1,000,000 (Seed)
Investors: Nils-Robert Persson
Location: Malmo, Sweden.
🇵🇹POR €600,000
WalliD
Category: FinTech, Blockchain
Description: WalliD is a Portuguese startup that developed an open Blockchain protocol delivering online identification and authentication solutions.
Raised: €600,000 (Seed)
Investors: Armilar Venture Partners
Location: Lisbon, Portugal.
🇳🇱NED ~$ ?
Unless
Category: Artificial Intelligence, AdTech
Description: Unless is a predictive personalization platform for websites.
Raised: Unkown (Seed)
Investors: River Venture Partners and Block Party.
Location: Amsterdam, Netherlands.
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