Maven led the £1.5m Series A investment to support platform development and infrastructure expansion.
"It was a pleasure to work with Ian and the team and support their rapid growth. Our latest investment in Boiler Plan is a real testament to what the business has achieved so far, and the funding package is a great example of our regional funds working together to allow a British business to capitalise on new market opportunities across the UK."
Fuel Ventures led the Series A round to help the expert knowledge platform scale its operations.
"Having the right information gives you a competitive edge but the typical means of engaging with experts through one hour calls alone is failing to deliver value. These interviews are usually held by a single department and their findings end up lost in PowerPoint presentations or reports. Therefore, companies are only building up a short-term view. We are bringing innovation to the ways companies are working with external experts by using groundbreaking technology to, not just build expertise within organizations, but deliver it in ways that are digestible, searchable and, most importantly, usable for the months and years ahead across different departments."
The investment round was led by dmg Ventures with backing from QVentures and private family office investors.
"QVentures gave us access to a much broader range of capital than we would have been able to draw from without their support. This enabled us to raise more capital, quicker, from an investor base that is able to bring a more diverse source of value. We found the level of service and support they offered to be exemplary allowing us to maintain focus on our business."
The funding round was led by GV and will be used to expand the company assurance platform and launch insurance products.
"At a time of ongoing uncertainty, our goal is to provide confidence in a sector notorious for struggling to stick to deadlines or budgets. By using some of the most powerful machine learning capabilities in the world to analyse what worked and what didn’t in past projects, we can help our customers work out what’s going to derail their own initiatives, and stop problems happening before they even appear."