The financing round was backed by Kindred Capital, Moneysupermarket Group, and VentureFounders.
"With £11m of growth capital we are now well‐positioned to expand our business and provide more clients with a simple way to maximise the interest income on their cash and at the same time become an increasingly valuable funding partner to our banks."
The financing round was backed by IQ Capital, Longwall Venture Partners, Martlet, and Cambridge Angels.
"Having been in stealth mode for several years, this latest fund raising marks a significant milestone for the business and its founders. As well as securing venture capital funding from experienced investors in deep tech and life sciences, we have been able to establish corporate partnerships with international Pharma companies and the NHS, we have also hired a senior management team that represents the very best in talent across healthcare and technology."
The seed round was led by Ocado with participation from Hoxton Ventures, firstminute capital and Taylor Brothers.
"At Karakuri, we are dedicated to providing smart new ways to create and prepare fresh personalised meals. Consumer eating habits in and out of the home are changing rapidly as demand increases for healthier options that match specific dietary requirements. This growth in menu personalisation is putting huge pressure on restaurants, cafes and other food retailers. These providers have historically relied on identically mass produced meals to maintain their profit margins. By using robotics and machine learning, Karakuri’s systems provide localised micro-manufacturing within an existing restaurant, retail or commercial kitchen. Our systems prepare personalised meals onsite in real time to the exact requirements of each customer. At the same time, our technology aims to minimise food waste, packaging and distribution costs and all of the associated environmental impact."
Maven led the Series A round with participation from the North East Development Capital Fund, Growth Capital Ventures, and private backers.
"John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth."
The funding round was led by Active Partners to support international expansion and market share growth.
"We are in an exciting period of growth at TravelLocal and are thrilled to have secured this additional investment from Gresham House Ventures, alongside Active Partners."