The Series B round was led by Leaps by Bayer to support clinical studies and technology development.
"Medopad has a bold mission to help people live their life to the fullest – one that requires long-term commitment and partnership to achieve. We are delighted that Leaps by Bayer who participated in our Series A round have now become the lead investor in our Series B. We have found the ideal partner with the dedication to help us reach our vision of creating a world where each person lives their life to the fullest."
The financing package from NatWest will support network upgrades, team growth, and debt refinancing.
"We are delighted to be able to continue our support for such an exciting company. Zen has a well-established track record and an ambitious growth strategy. We are pleased that we have been able to provide the financial support needed in order to deliver on its next phase of growth and support another exciting, high growth locally-based business."
Gumi Cryptos Capital led the pre-seed round, which included participation from Xpring, LuneX and Blockchain Valley Ventures.
"Due to their complexity, passwords have become the weakest means of authentication. Not only are billions compromised in breaches every year – hackers are also figuring out how to bypass two-factor authentication systems that rely in-part on something the user knows- like passwords and recovery phrases,"
The funding will support growth across the UK and expansion into Germany and wider European markets.
"We’re thrilled to be working with a partner like M-Venture as their investment will help us to super charge our growth in the late night sector and ensure more people across Europe won’t get caught out when their phone battery is low."
The funding round was backed by a consortium of global financial heavyweights to expand the reach of its merchant services technology.
"Retail banks around the world are facing common issues, but they remain the only ones in the payment chain who can connect directly with both merchants and consumers. They are therefore best placed to help SME’s process transactions, support their balance sheets, and grow their businesses, creating a virtuous circle between the bank, merchants, and consumers. As we know consumers increasingly expect a more personalised service from the businesses they interact with, regardless of their size, so at its heart Pollinate is about relationships and growth through connection – our platform enables relationships to be strengthened through fantastic digital experiences, and real-time data processing analytics and integrations."
