Northstar Ventures and angel investors back Durham information security software provider.
"According to IBM, the average cost of a data breach in 2020 was £2.9 million. Yet most businesses are left with inefficient, costly and paper-heavy manual processes to manage this risk."
The financing round was led by IQ Capital with participation from Hambro Perks and Ascension Ventures.
"This latest round of investment is a great recognition of our customers' success through our breakthrough AI and a product focused approach. With our existing investors reaffirming their support of the company and new investors with vast experience in the life sciences industry coming on board, we are on course to achieve our core mission of improving patient outcomes through a highly profitable and sustainable business model. In the past 12 months, the company has grown 15 times through the successful deployment of PIE in the biopharmaceutical industry, partnerships with healthcare data providers and significant contributions to peer review publications, which demonstrates that we are leading in this sector. This funding will accelerate this success by providing the resources to strengthen the team, explore new use cases, and expand into new markets."
CarVal Investors provided the funding and took a seat on the board as the cleantech company targets global markets.
"We are delighted to have completed our investment in Social Energy and are very much looking forward to helping to support their ambitions over the coming years."
The round was led by Initialized Capital to support expansion of the company product and engineering teams.
"We’re really excited to be partnering with Stacker. There’s a lot of buzz in the no-code space right now, but very few of these products are actually used in real businesses.What’s so compelling about Stacker is that they’ve worked out how to let people with no technical experience actually create software that helps them in their work."