Redrice Ventures and Active Partners led the seed round alongside backing from London Marathon Events and other prominent sports investors.
"We can’t wait to show the 500m existing global runners, and the thousands of people that start running every day, the power of Coopah. Securing these funds and bringing this group of high quality investors on board is giving us the opportunity to invest in new growth channels which will put Coopah in front of the global running world. Bringing Gareth on board to spearhead this growth effort is an incredibly exciting moment for the business. His passion for our mission and his wealth of knowledge on how to scale a consumer sports app make him a fantastic addition to Coopah’s leadership."
The funding round and associated grant were secured with support from angel investment network Lifted Ventures.
"We are thrilled to drive forward with our vision, transforming the engineered wood products industry with adhesives that are not only sustainable but support full lifecycle circularity. This latest funding, alongside the invaluable guidance from Lifted Ventures, allows us to accelerate the adoption of eco-friendly materials across the construction sector. Our adhesive technology is a crucial step towards a healthier planet and aligns perfectly with industry’s movement toward Net Zero."
The funding will support the company in growing its circular hardware offering across the United Kingdom and preparing for international expansion.
"The business model in the IT hardware industry has had little-to-no significant innovation in the last 20 years, other than the growth of eCommerce. The segment is stuck on a buy-sell model, while customer demand is moving to a subscription business model. This is where Ooodles comes in, offering a flexible rental platform that allows SMEs and professionals to regularly upgrade to the latest devices, saving time and money."
The Middlesbrough-based e-commerce platform has raised £2.8m from Mercia Ventures to expand its team and integrate new technology.
"Salesfire’s mission is to help retailers grow their e-commerce sites and drive revenue. Our new Salesfire AI technology will be revolutionary in giving them scope to identify more anonymous site traffic and opening up a whole new world of marketing and data opportunities. We are pleased to have the continued support of our investors in this latest round and really excited to be at the forefront of AI in e-commerce."
The Series A round was led by Apollo and Motive to expand the alternative asset management platform.
"We have reached an inflection point where alternative asset managers now need their own operating system to power the industry’s next growth phase. We are thrilled to welcome Apollo as an enterprise-scale client and investor as we bring a new standard to the alternative asset management space. We purpose-built Vega AltOS to meet the complex client infrastructure needs of high growth, private markets asset managers. Similar to our experience in the core banking and payments revolution, demand and volumes across all client channels for private markets investments have outstripped the industry’s infrastructure of generic, sub-scale point solutions. We are excited to partner with Apollo and Motive to innovate and solve this industry challenge. Apollo’s contribution of Edna – one of the largest alternative employee investment platforms in the market – accelerates Vega’s AltOS vision for GPs. Edna was incubated at Apollo, in partnership with Motive, and epitomizes the innovative approach to global wealth solutions at Apollo. We are excited to continue expanding our range of GP solutions with the addition of Edna’s employee investment capabilities."
