The Series A round was led by Beringea and will support team growth and platform development.
"Commonplace has built a product that will be pivotal to enabling development of much needed housing, infrastructure and commercial projects in a world being transformed by the impact of COVID-19. Through fostering collaboration between local people, authorities and developers, Commonplace will create a dialogue about how we can adapt neighbourhoods for the better, creating safety and economic prosperity in the process."
The funding round includes backing from the UK Government and leAD Sports Accelerator.
"COVID is driving seismic shifts in the way people move around cities. As Londoners look forward to a new way of living and working, there’s an opportunity to change our daily lives to be healthier and more sustainable. This is where Buzzbike can help. For key workers in the city, cycling has proved a safe way of getting round, and we gave free bikes to NHS staff at the start of the crisis."
Eurazeo Growth led the extension round, backed by British Patient Capital and SEB, to support international expansion and product development.
"The prospect of transitioning to cloud native technology is now at the forefront of every major bank’s roadmap. Plans have been hastened in the wake of regulatory pressure, economic uncertainty and the need to manage cost-income ratios. Our flagship core banking product, Vault, brings the best in agility, resilience and security and is being used by major banks and fintech companies around the world. We are delighted to partner with Eurazeo Growth, British Patient Capital and SEB, which demonstrates ongoing investor interest in our technology and the significant market opportunity we are addressing."
