Insurtech Gateway led the pre-seed round for the B2B insurance platform, with backing from True Sight Partners and angel investors.
"The gulf between corporates and independent retailers trying to secure credit terms is vast and, in our opinion, unfair. Our vision at BondAval is to redress this balance, allowing independent retailers to leverage investment grade security. Their word – our bond. To achieve this vision, we are excited to partner with our new investor shareholders, led by Insurtech Gateway.. They understand the value we can bring by applying digital first propositions to the world of B2B insurance."
SFC Capital and angel investors backed the pre-seed round to support team growth and product development.
"There is no 'one size fits all' answer when it comes to managing your finances. What should I do with my savings? What’s the difference between good debt and bad? A lot of young people we talked to felt there was a lot of information out there but it lacked context on their financial situation and advice on what tangible actions they should take."
The pre-seed round was led by Pitchdrive with backing from private investors to fund expansion and product development.
"We’re on a mission to change the way businesses share ideas. Today, more than ever, teams need help collaborating so that their impact isn’t diluted by PowerPoint then lost in email or Slack."
GC Angel provided the backing alongside investor Tom Auld to help scale the remote work platform.
"Your FLOCK and the world of work is a place rich in data and potential for machine learning to be used. With more and more people needing scalable tech solutions for the future. It seems like a great time to invest in such a tech startup."
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