Blossom Capital led the financing round alongside Accel and prominent technology executives.
"The West is under growing pressure to reindustrialise, but that renaissance won’t be powered by net new companies alone. It requires equipping our industrial champions with the tools to harness their data, navigate the AI transition and compete on a global stage. That’s exactly why we founded Arrakis"
Raw Ventures and Ada Ventures led the £2.5m round, which will fund engineering hires and product development.
"We’re changing that by bringing every aspect of ownership together into one connected platform. By combining real-time data with predictive technology, we can help riders solve problems before they happen and make cycling simpler, smarter and more reliable,"
The Birmingham fintech secures capital to scale its digital parallel payment account as Parliament moves to reform construction payment terms.
"Late payment in construction goes beyond the balance sheet. It creates pressure that runs through businesses, workers and families. When firms are waiting months beyond agreed terms, people are left worrying about whether they can pay staff, suppliers, and themselves,"