UK Funding Flurry with Salesforce Ventures
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A flurry of early-stage funding in the UK, whilst Surge remains active across Asia.
Below are the Top 3 funding rounds of the last week:
- 🇬🇧 Snoop saw their $4m Seed round led by Salesforce Ventures. Their friendly app focuses on helping consumers gain oversight on their spending (bills subscriptions, payments etc.) Started by the founder of Virgin Money.
- 🇨🇭 Optimyze raised from Andreesen Horowitz. The company is in the Cloud Computing space and helps teams optimise their cloud resource consumption.
- 🇮🇱 Resistant AI saw its seed round co-led by Index Ventures and Credo Ventures. Think cybersecurity for AI systems. More on the deal here.
Figures this week:
Funding rounds covered:
16
Countries covered:
8
Largest round:
$7,000,000
Estimated funds raised:
~$35,000,000 (not all covered below)
Categories & countries:
Most rounds:
🇬🇧 United Kingdom
Largest Round:
🇳🇱 Finom $7,000,000
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🇬🇧 United Kingdom — $10.1m
Snoop
Raised: $4m (Seed)
Category: Software, Computer, HRTech
Description: Snoop, the UK-based fintech app which helps consumers save money on bills and subscriptions. Launched by Ex Virgin-Money founder. The Evening Standard has covered the startup here.
Investors: Salesforce Ventures and others.
Location: London, United Kingdom.
Raised: $2m (Seed)
Category: Software, Computer, HRTech
Description: Xampla creates plant protein material as an alternative for single use plastic. Our next-generation material performs like synthetic polymers, but decomposes naturally and fully, without harming the environment.
Investors: Amadeus Capital Partners, Parkwalk Advisors, University of Cambridge Enterprise and Sky Ocean Ventures.
Location: Cambridge, United Kingdom.
Raised: $2m (Seed)
Category: Blockchain, Computer, Energy, Finance, Payments, Privacy, Shipping, Software, Transportation
Description: Applied Blockchain build applications for enterprises. So far they have built solutions within financial services, energy, aviation, automotive, supply chain, commodities, telecoms, legal, medical, property and recruitment. Their largest client is Shell, who is also an investor.
Investors: Shell and QBN Capital.
Location: London, United Kingdom.
Raised: $1m (Seed)
Category: Artificial Intelligence, Machine Learning, Predictive Analytics, Sales, Sales Automation
Description: Kluster Intelligence is an end-to-end sales analytics and forecasting tool.
Investors: Newable and Superseed.
Location: London, United Kingdom.
Raised: $1m (Seed)
Category: Charity, Software, Internet, Tech4Good
Description: Donr helps strengthen supporter relationships through better donation technology for charitable causes.
Investors: Northstar Ventures, European Regional Development Fund and others.
Location: Newcastle, United Kingdom.
Raised: $250k (Seed)
Category: E-Commerce, Education, Information Technology, Internet, Software
Description: Vue Pay allows users to access or make money from knowledge, skill or talent via live streaming.
Investors: Haatch
Location: London, United Kingdom.
Raised: $100k (Seed)
Category: Analytics, Business Intelligence, E-Commerce, Predictive Analytics
Description: Littledata automates eCommerce analytics so managers can make data-driven decisions to accelerate growth.
Investors: Henley Business Angels.
Location: London, United Kingdom.
🇳🇱 Netherlands — $7.55m
Finom
Raised: $7m (Seed)
Category: FinTech, Mobile, Invoicing, SaaS, SME
Description: Finom pulls together accounting, financial management and banking functions for early-stage businesses and SMEs into a mobile-first product. Businesses can quickly set up an online account and immediately run accounts payable and account receivable from both the app and the desktop site.
Investors: General Catalyst, FJ Labs and Target Global.
Location: Amsterdam, The Netherlands.
Bundleboon
Raised: $550k (Seed)
Category: E-Commerce, Retail
Description: Bundleboon is a curated shopping service, specialized in kidswear. Box delivery of outfits.
Investors: Startupbootcamp and angels.
Location: Amsterdam, The Netherlands.
🇮🇳 India — $4m+
Convosight
Raised: $4m (Seed)
Category: Machine Learning, SaaS
Description: Convosight is a software-as-a-service (SaaS) platform that uses data analytics and machine learning to help admins and brands to create, moderate, grow and leverage their communities on Facebook.
Investors: Surge (Sequoia Accelerator India) and IvyCap Ventures.
Location: Delhi, India.
Expertrons
Raised: $Unknown (Seed)
Category: Artificial Intelligence, E-Learning, Training
Description: Expertrons is an AI video bot platform created to help students and professionals prepare for interviews.
Investors: LetsVenture, Iceland Venture Studio and angels.
Location: Delhi, India.
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🇨🇭 Switzerland — $3m
Optimyze
Raised: $3m (Seed)
Category: Cloud Computing, Software
Description: Optimyze builds software to track and optimize cloud resource consumption — CPU, storage, and network utilization. Their products pinpoint exactly what part of a companies code causes what cost, and automatically improves their efficiency.
Investors: Andreesen Horowitz.
Location: Zürich, Switzerland.
🇨🇿 Czech Republic — $2.75m
Resistant AI
Raised: $2.75m (Seed)
Category: Artificial Intelligence, Machine Learning, Network Security
Description: Resistant AI helps to protect AI systems from targeted manipulation, adversarial machine learning attacks and advanced fraud.
Investors: Index Ventures, Seedcamp and Credo Ventures.
Location: Prague, Czech Republic.
🇩🇰 Denmark — $2.5m
Platypus
Raised: $2.5m (Seed)
Category: Human Resources, Software
Description: Platypus is an HR tech solution that enables businesses to discover what people value at every stage of the talent lifecycle, from attraction to management to retention.
Investors: Speedinvest, Vaekstfonden, Inventure, PreSeed Ventures and others.
Location: Copenhagen, Denmark.
🇩🇪 Germany — $2.25m
Checkly
Raised: $2.25m (Seed)
Category: DevOps, Software, Platform
Description: Checkly enables businesses to monitor the performance and correctness of their API endpoints & vital site transactions from a single, simple dashboard.
Investors: Accel and numerous strong Angels.
Location: Berlin, Germany.
🇸🇬 Singapore — $2m
Tigerhall
Raised: $2m (Seed)
Category: E-Learning, Education, Information Technology, Internet, Knowledge Management
Description: Daily learning and development platform — Tigerhall connects thousands of ambitious people to many of Asia’s most influential leaders via in-person events, podcasts, power reads and personal mentoring sessions.
Investors: Surge (Sequoia Accelerator India), Taurus Ventures and Xoogler Angels.
Location: Singapore.
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