The London RegTech firm has closed its first venture debt funding round to support operations in Europe and Asia.
"Our ambition is to create a world where compliance is transparent and viewed as a business enabler rather than a hindrance. Our clients being global means that we already have a presence in many regions across the world. The funding received from Silicon Valley Bank will help us deliver our solution to financial institutions that are headquartered in Europe, Asia and US."
Salic led the £7m funding round, valuing the British agritech company at £30m.
"As a machine learning business, our technology thrives on having more data to work with. Gaining access to Salic's portfolio gives us an unprecedented opportunity to hone our capabilities even further."
EarthSense has secured grant funding from Innovate UK to deliver a partnership air quality project in Wolverhampton.
"Using the information from the app, users can choose to avoid certain high pollution areas, reducing the amount of emissions inhaled, and hopefully divert traffic away from those areas, thereby reducing the levels of pollution – a positive result for everyone."
Sir Peter Wood and Bain Capital led the funding round to support Pikl in scaling its specialized insurance business.
"Pikl has an innovative proposition that will appeal to a fast-growing and under-served market, with significant potential for global expansion. Louise and her team have the experience and drive to fill this gap and I am delighted to support them on this journey"
The financing round was led by Creandum with participation from MMC Ventures, Notion Capital and existing backers.
"It’s been an incredible privilege to work with such a great team building yulife over the past three years and we’re confident that the further funding will allow us to fulfil our vision of making life insurance a force for good. We’re grateful to receive backing from investors with whom we are so deeply aligned, and believe this will help us promote our proposition to inspire lasting, healthy change in people’s lives."