The financing round was led by Octopus Ventures with backing from both new and existing investors.
"Today, we’ve developed the world’s first Engineering-Grade AR solution helping construction teams identify errors in real-time, but really that’s just the start of our journey. The next phase is Assisted Reality, where our spatial computing technology will have the intelligence to automatically detect and report issues in the field. And ultimately, the goal is builders building from holograms. Our vision of developing world changing products aligns with Octopus Ventures’ mission of investing in companies that are powering the next industrial revolution. We look forward to building history."
The London-based financial technology firm has closed a Series A round co-led by Anthemis Group and MMC Ventures to support team growth and product expansion.
"Following a break-out 12 months in which we increased AUM by 10x, we wanted to bring in the best possible investment partners to support our ambitious growth plans. We have long admired both Anthemis Group and MMC, so I am delighted that they co-led the round and we are excited to work with Sean, Ollie and their respective teams, as we move into the next phase of our journey to redefine cash investment and front-office treasury."
The round was led by Insight Partners with participation from ETF Partners and Simon Murphy.
"Consumers are reassessing their consumption, and they expect the businesses they buy from to help them on that journey. The Modern Milkman combines a focus on great customer experience with a business model that is suited to significant expansion to meet the needs of customers across the UK and beyond, and we are delighted to be supporting the company on the next stage of its growth."
The financing round was led by The Westly Group to support international expansion and ongoing platform innovation.
"We are on a mission to make the world's most complex industrial supply chains more transparent, and help prevent the exploitation of people and our planet. Traceability-as-a-Service is fast becoming a requirement for the world's leading brands and this funding will help us accelerate our impact and revenue growth."
Octopus Ventures backed the London based software provider to scale its enterprise platform and drive international growth.
"From the beginning of Zapnito, we have focused on enabling brands to create trusted communities. Until now our growth has been bootstrapped through self-funding and Angel investment. In Octopus we have found the right partner to allow us to further grow the Zapnito platform for larger enterprises and expansion into new markets. We’re incredibly proud to join their investment portfolio, and look forward to working with them to advance our mission of expert communities and collective intelligence."
