The newly launched fintech company secured the investment from industry insiders to bring its proprietary wealth management platform to market.
"We are entering an era where wealth managers will no longer be able to rely on market appreciation to drive revenue growth. We know from first-hand experience the significant and accelerating financial and regulatory challenges faced by the wealth management industry. Firms now need to focus not only on managing their cost base but growing their revenues via enhanced client engagement."
RLC Ventures led the pre-seed round with backing from Ascension Ventures and Force Over Mass Capital to fund product development and market expansion.
"We are delighted to have such award-winning investors supporting us and sharing in our vision. We look forward to showing treasurers how revolutionary modern technology can reduce technical complexity and improve the analytical capabilities of their teams."
LocalGlobe led the seed investment in the virtual venue platform, with participation from several prominent angels and firms.
"Once the pandemic hit, we both saw productivity surge in our respective teams but at the same time, people were missing the in-office culture. Video conferencing platforms provide a great service when it comes to meetings, but they lack the spontaneity and fun that form the basis of our relationships. Cosmos is a way to bring back that human connection that we’re lacking when we spend all day online, by providing a virtual world where you can play a game of Pictionary after work with colleagues or gather round a table to celebrate a friend’s birthday."
The London based startup raised the capital from twelve angel investors to expand its engineering team and fuel product development.
"The future of retail is built on data, but today’s FMCG data systems are beyond inefficient, and challenger brands are paying the heaviest price. We’re excited to use this investment to bring big brand data power to every supplier, to make sure brands are judged by the quality of their products, not the size of their data team."
The Zero Carbon Fund led the oversubscribed pre-seed round to support algal gene editing and prototype development.
"We are thrilled to joining the Zero Carbon Fund portfolio and to have their support while building the next generation of climate mitigation technologies that the world so desperately needs"