Fuel Ventures led the Series A round alongside Second Century Ventures and Ascension Ventures to support the company's growth in the property sector.
"This is a time of great opportunity for both landlords and their accountants. Government changes in the form of MTD for ITSA is a clear signal that the digital future is on its way."
The Series A round was led by existing backer ING Ventures with participation from JLL Spark, Blackstone, and Concrete Ventures.
"We are thrilled that companies like ING Ventures, JLL Spark, Blackstone and Concrete VCtook part in our latest funding round. Alongside existing investors like SURPLUS EquityPartners and M7 Real Estate, we have fantastic support as we continue to fulfil our missionof transforming data from a headache into an asset."
The seed round was led by Love Ventures with participation from Concrete Ventures and industry angels.
"Having developed a unique market-leading solution for the commercial property leasing process, we felt that the size of the opportunity to expand into new sectors and geographies warranted an influx of capital. In Love Ventures, Concrete Ventures and multiple industry-leading angels, we have got passionate, smart and supportive partners who we are thrilled to welcome aboard for the next phase of our journey."
Gresham House Ventures has backed Fu3e with £3.5m to support product development and sales expansion.
"When first approached by Gresham House Ventures, we knew that we had immediate synergy and were aligned on the potential of fu3e. as a real market disruptor. The value that the Gresham House Ventures team brings through funding and scaling expertise will accelerate fu3e.’s ability to increase industry awareness and expand market share. This comes at a pivotal time for an industry that is increasingly moving towards digitisation and rethinking and adapting the way employees work. Now, professionals are embedding technology into their decision-making, redefining skills, talent processes and practices to help them prepare for the future."
Henley Business Angels members backed the London based platform, which later extended its fundraise to £1.5m.
"I am delighted to have raised funds from HBA’s experienced investors. As an alumnus of the University of Reading, I am particularly proud to have the connection through HBA and we are already exploring way to collaborate further."