The Cardiff-based FemTech start-up exceeded its fundraising target to support its product roadmap.
"I do believe that our mutual Welsh affinity gives us that extra something; it’s a commonality that’s both unique and rare. So, thank you to the team at GlobalWelsh for bringing us together."
— Jolie Powell, Business consultant and angel investor
The Series C round was led by Redline Capital with backing from MMC, GMG Ventures, and Hearst Ventures.
"Our vision at Signal AI is to transform business decision making through augmented intelligence. We are building artificial intelligence and machine learning technologies that learn what an executive needs to know and investigate huge amounts of data to provide critical insights in real-time. The results give them absolute clarity about what’s happening outside their organization to make the most informed decisions,"
The Cardiff hair salon raised the fast-track loan from the Development Bank of Wales.
"A fast-track loan from the Development Bank of Wales has enabled me to revamp my salon in Cardiff and invest some money into my brand and marketing. The process was so quick and simple from my application to the turnaround in just two days."
The financial backing will accelerate technology development and expand offerings across the fashion and retail sectors.
"We’re on a mission to boost profitability in fashion using MTO technology to purposefully capitalise on inventory through digital collections. We know that product digitalisation results in few or no physical products needing to be pre-created. And with our technology, brands can take advantage of their under-utilised intellectual property and their existing stock by enabling customisation and personalisation across physical stores and on e-commerce sites. Thanks to our solutions and services, brands will be able to reduce waste and meet their goal of becoming fully sustainable. More than 25 major brands have already launched successful projects with PlatformE because they trust in our proposition. And we’re showing no signs of slowing down."
The agtech business overfunded its original target on Seedrs to support product development and international growth.
"We’re really pleased with where the round is finishing up. Exceeding our initial target will allow us to continue to build our UK farmer base while also further developing and marketing our new revenue-driving services like payments, finance and haulage. With all of the uncertainty and tough market conditions out there we are here to help farmers realise upto 12 percentage points of efficiencies in their trading. We are adding more and more services to turn Hectare into a full service trading platform to ensure we are giving farmers all the tools they need to conduct their business in the most efficient way."