Fintex Capital provided an asset-backed facility of up to £10m as part of the first close.
"The Fintex investment allows us to accelerate our growth, while ensuring rider safety and maintaining responsible operations. We are also excited to widen access to our scheme and diversify our fleet by introducing three new e-bike types. We remain committed to long-term partnerships with cities and public transport providers to realise our vision of affordable, sustainable mobility for all, and with this financing, we are making excellent progress towards that goal."
The London-based start-up has closed the first tranche of an oversubscribed pre-seed round backed by angel and institutional investors.
"This funding will allow us to expand AirTrack’s capabilities and bring cleaner air to more communities globally. We are committed to improving public health and empowering individuals to take control of their environment for better overall well-being."
The pre-seed round was led by SFC Capital with participation from angel investors including Ezequiel Canestrari.
"This funding will allow us to accelerate our growth and realise our ambitions to transform the recruitment industry. As a solo female founder I am very proud of what the company has already achieved, and look forward to scaling the business in the years to come."
Elaia led the seed round to support team expansion and research and development.
"The amount of operational data generated by rich and immersive applications is skyrocketing and analytical capabilities are not keeping up. Existing approaches are process focused, difficult to automate and driven by the requirements of users without the full picture of the data that is available to them. Streambased closes the gap, providing instant discovery, exploration and high-performance access to all the data within an organisation."
The oversubscribed round was led by Lakestar with participation from Perpetual Growth, CF Private Equity, Bessemer Venture Partners, and 83North.
"After spending two years perfecting our SaaS and cloud spend optimisation, achieving product-market fit and taking market share from established players, we’ve brought all of our data and insights directly into the workflow experience. All employees can now initiate any purchase, quickly, transparently and at the best price, while procurement can fully customise the workflows to their needs and embed granular approvals."
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