The equity round was led by 24 Haymarket with backing from ACF Investors.
"We are delighted to have garnered such strong support from like-minded individuals in the UK investor community as we expand our operations to meet the growing demand for actionable insights on real world behaviours. This funding will enable us to build on the world class team that we have put together here at Huq in order that we can capitalise on the immense demand that we are experiencing for our products across EMEA."
Midven led the investment through the MEIF West Midlands Equity Fund to support platform expansion.
"The investment will enable us to realise the NHS digital first strategy through innovation and transformation in both public and private healthcare. ensuring timely and patient-centred care for all. Our specialty-agnostic approach, configurable pathways, and seamless integration capabilities will empower clinicians. Enabling them to tackle the backlog of referrals, enhance overall efficiency, and improve access to specialist services."
The funding round was led by Highland Europe and will support the release of the Phone 2.
"It's clear that there's real demand for an innovative challenger in the consumer tech industry, and with this new round of financing, we've never been better positioned to realise our vision to make tech fun again."
The financing round was led by Peter Thiel's Valar Ventures to support the platform's separation from Bitpanda and its development as an independent exchange.
"given its potential, we also knew and planned that its success would naturally make it evolve to become its own business."
Lloyds Banking Group led the round with a £2m contribution to support product development and team expansion.
"We are thrilled to partner with Lloyds Banking Group on this important fundraising round. As a leading provider of financial services to businesses and individuals in the UK, their investment in Fennech is a testament to the strength of our business and our team, as much as a testament to their willingness to further help their client base thanks to strategic technology and digitalisation. With this new funding, Fennech is well-positioned to continue its growth and success. We are extremely grateful for the support of Lloyds Banking Group. I would also like to thank and warmly welcome, on behalf of the team, our new Individual investors that joined this fundraising round for their trust and support."
