The Series A round was led by Mercia alongside XTX Ventures to prepare the misinformation detection platform for the US elections.
"With the rise of the internet and social media, falsehoods travel faster than the truth. Misinformation can polarise societies and has become a serious threat to democracy. Logically aims to stop the spread of disinformation, ensure people see both sides of the story and keep elections free and fair. Following on from our early successes in India and Europe, we are looking to establish Logically as a partner for governments, businesses and consumers around the world."
The funding round was led by Elevator Ventures and will support growth in Central and Eastern Europe.
"Our collaboration with EV started with RBI’s fintech partnership program Elevator Lab, where we shared our solutions from a start-up perspective. The relationship developed from a successful PoC with RBI to a growth investment."
Maven Vcts has led a £2m Series A round in data analytics provider Hublsoft to support product development and international expansion.
"Hublsoft has developed an innovative proprietary data visualisation product which is addressing a large and growing corporate market and, despite the company still being at a relatively early stage, it has already been successful in attracting an impressive range of blue chip clients with a low churn rate. The market opportunity is significant, and Maven’s investment will enable the business to scaleup and capitalise on the increased demand from brands to utilise big data to make improvements to the retail and wholesale performance of their products. Today’s funding highlights Maven’s ongoing commitment to support fast growing UK businesses."
The investment round was led by Hiro Capital with participation from BoostVC, Maveron, and TenOneTen Ventures, alongside an innovation loan from Innovate UK.
"Over the last year, we have been redefining fitness and challenging people’s perceptions of what a fun and effective workout is, providing an alternative for people who want to keep fit but are unmotivated by the traditional fitness offerings"
The online marketplace has raised £5m from Fuel Ventures and other investors to fund a rollout across 140 new territories.
"The injection of this additional funding not only allows us to substantially grow the operational side of the business, but it gives the OnBuy team backing from phenomenal investors who can bring an array of eCommerce experience and expertise to the table, bolstering an already strong globalisation strategy."