Startup Funding Club led the £800k round with participation from multiple syndicates and funds to target the European market.
"We were ultimately impressed by the technology and the high quality team around Oliver Montague. There is a gap in the market for an affordable, easy to use eBike kit, and Swytch’s technology and its speed of innovation is the perfect match for SFC’s wider portfolio to invest in the future of urban mobility. We are very pleased to close this £800k investment round alongside our great co-investment partners."
"We are using the funds to drive the growth of the business, including the growth of the team, product development and marketing activity. We closed 2018 with a total invoice value of £716k, an increase of 102% on 2017, and for 2019 we are aiming to double our team and hit an ambitious £2m invoice target."
The investment round was led by Anthemis Group and XTX Ventures.
"We are applying cutting edge quantitative analytics technology to traditional real estate development and investment management, which is crying out for the same type of transformation seen previously in financial markets and other industries. We offer a powerful institutional product which brings clarity and transparency to investment in UK real estate and we want to thank our clients and investors for their continuing support in helping us continue on our mission."
The video management platform raised the Series B capital from Downing Ventures, Guinness Asset Management, and Cambridge Innovation Capital.
"This funding is clear recognition of the value our partners and prospects see in the platform. We have a world class roster of clients across the sports, media and enterprise sectors and have a healthy pipeline going into 2019. We look forward to accelerating our global operations and are thrilled to be working with new investors to continue shaping the future of video management."
Beringea led the investment alongside Downing Ventures and returning backers.
"These are exciting times for Exonar. To receive significant backing from Beringea and Downing Ventures reinforces our belief that the Exonar platform has a significant role to play in enterprise-level data discovery and management. We have a clear vision for future development and the investment will enable us to further enhance our product, enabling our customers to meet current and future data demands such as GDPR and CCPA swiftly, simply and at scale."
.png)
