Episode 1, MMC Ventures and NHN Ventures backed the mobile authentication platform as it exits stealth mode.
"Digital identity is an important investment theme for us and the key to unlocking the next leg of growth for the digital economy. The kind of frictionless authentication the founders have delivered is pretty close to magic. When a team, an idea and a solution come together at the same time – that’s what being a VC is all about"
The mobility app has raised £1.5m to support its roadmap and overseas expansion plans.
"What resonates with investors is not just the initial premise of the business and how it can appeal to all demographics, but also our ability to refocus during the pandemic. From the fact we are the first carbon-negative lift-sharing app to identifying the need for Errands to getting it up and running so quickly, is why we have been so successful in our funding."
Maven Capital Partners led the Series A round, which included backing from the North East Development Fund and the Future Fund.
"The social ad space is constantly evolving, and organisations must remain dynamic to ensure more than ever that they are engaging customers and creating bespoke experiences to satisfy those customers. Leaf is helping businesses cost-effectively acquire and retain high-value customers in what is an increasingly competitive environment. Gilbert has built an impressive business and we are delighted to support the business as it enters an exciting new phase of growth."
AlbionVC led the Series A round with participation from enterprise clients HSBC Ventures and Citi.
"Solidatus was built to revolutionise the data economy. The completion of Series A is confirmation that we’ve engineered the right solution to meet the complex needs of data-rich and regulated organisations, delivering a modern, agile and scalable solution. We are looking forward to working alongside our investors to accelerate the delivery of organisational transformation and control to new markets and clients with the same level of commitment to the highest standards of service that are key to the Solidatus offering."
Saudi Aramco Energy Ventures led the $5m round to support international expansion and technological development.
"We welcome this exciting collaboration with Saudi Aramco Energy Ventures as we step up the global response to CUI through the adoption of digital solutions. This investment demonstrates a surge of confidence from the sector in the use of real-time data systems that will accurately predict leakages and the onset of structural failure. With the worldwide cost of corrosion at $2.5 trillion, a co-ordinated effort cannot come soon enough. CorrosionRADAR is showing that a sustainable path to increased safety and dramatically reduced costs is achievable right now, using new technology and wireless connectivity."