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."
The company has secured funding from ASICS Ventures to accelerate the commercial launch of its haptic wearable armbands.
"Collaborating with a renowned sports company like ASICS not only validates our technology but also opens new doors to expand our user base and enhance our product offerings. This partnership allows us to combine our expertise in haptic wearables with ASICS’ knowledge of sports apparel and fitness training to create an even more immersive and effective fitness experience for our users"
The strategic backing from Databricks Ventures aims to expand technical integrations and joint customer solutions.
"This investment represents our shared commitment to support more organizations to develop composable Customer Data Platform (CDP) use cases on the Lakehouse platform."
The Dutch fast-charging company has secured fresh capital through retail bonds to scale its infrastructure across Europe.
"We are proud of the trust investors have put in Fastned again. Despite a challenging capital market environment, with continued inflation and increasing interest rates, Fastned once again proved its resilience in the retail bond market with a solid and growing investor base. Together, we not only build fast charging stations on high traffic locations, but we also grow a community around electric driving. We believe that the electric revolution will really take off when charging becomes hassle free and that is why we roll out our network across Europe: to offer freedom to electric drivers. Every day we get closer to our goal of one thousand stations by 2030, where we sell energy from renewable sources like sun and wind, actively helping to curb the climate crisis."