The seed round was led by Seraphim Space to support the development of new commodity risk insurance products.
"Welcome to Insurtech Gateway ChAI. Industrial supply chains face increasing price volatility in commodities with the majority unable to access hedging tools. ChAI solves this problem through a smart price protection solution backed by insurance. We are delighted to help you prove out and scale this model. We were really impressed by ChAI’s deep data insights into market and pricing dynamics."
The pre-seed funding round was backed by K+U Ventures and individual investors via Seedrs.
"Industries that are difficult to decarbonise, such as manufacturing and heavy industry, are often overlooked. These industries need an easier way of monitoring, measuring and reducing their carbon footprint. At EcoHedge, we believe that companies of all sizes should be able to simply and efficiently track their carbon emissions and this is where EcoHedge comes in. We want to make it as straightforward as possible for these businesses to become climate leaders."
The round was led by XTX Ventures to support expansion across health and wellbeing markets.
"The demand for alternative pathways to access mental healthcare is enormous, and continues to grow by the day. We’re committed to disrupting traditional approaches to healthcare to help improve the quality of people’s lives, and we’re particularly focused on the perinatal mental health sector. With the support of XTX Ventures, Foresight Group and Praetura Ventures, we’ll strengthen the rollout of new clinical trials and product development, and champion the benefits of technology for reinforcing healthcare provision on a national, regional and global basis."
The Manchester integration platform has raised capital from Y-Combinator to expand its client base in the UK and US.
"It’s been fantastic to be selected over 10,000 companies that have applied for YC. It’s testament to the amazing work our team have produced over the last year. Building a true any-to-any integration platform has been a feat of engineering and we are super happy that Y-Combinator have picked up on that!"