Suss Ventures has sourced a six-figure sum to support the robotics start-up ahead of its commercial launch.
"The support from Suss ventures was key to put us in front of an early-stage fund that could act as lead investor. Their team has been extremely professional all the way through the process, looking for ways to improve our communication with prospective investors and creating a network of start-ups in similar stages. They have been and continue to be a very valuable asset for us in our current funding round and hopefully for the next ones to come."
SFC Capital led the pre-seed round, which will fund app development and team expansion.
"We are really excited to join the SFC Capital portfolio. With an amazing team building the product in house, it’s such a boost to gain the support from one of the most recognisable names in the early-stage VC space. We are looking forward to combining our ambitions with their start-up expertise to take the business to the next level. Our vision is to become the go-to property discovery platform for a digitally native audience."
The London based RegTech startup raised capital from a group of finance veterans and Innovate UK to expand its paperless document distribution technology.
"At ALT/AVE, we have all worked in financial services and we saw first-hand how much paper is wasted in banking. How banks communicate with customers is closely regulated – for good reason – however, institutions are so fearful of non-compliance that modern technology is wildly underutilised. Ultimately, this means the sector continues to waste paper, and have a negative impact on our planet."
The pre-seed round was backed by industry investors including Chris Rodgers, James Sutcliffe, Chris Walker, and Roy Foster.
"The energy industry is very reactive when it comes to executing PPAs and most people and companies do not have the tools or time to alert them to power price spikes."
The Bath-based cleantech startup has raised £142k to take its sustainability matchmaking platform live.
"research has shown that the vast majority of small businesses want to incorporate more sustainability into their practices, but we knew that the existing methods and processes were too time consuming, too complicated and too resource intensive for them to implement. We also knew that SMEs are the driving force of the economy, especially in the food and drink industry. We had a clear problem, we had a large market, and the solution became apparent: we need to make sustainability simple."
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