The round was led by IPGL with backing from individual investors and family offices to fund team expansion and software development.
"DDCM is delighted to have closed its second fund raise, and we are very grateful for the continuing support, encouragement and confidence of our initial shareholders. We warmly welcome our new shareholders – all of whom have either highly distinguished careers in financial services or outstanding track records in building significant businesses and creating substantial shareholder value."
— Charlie Berman, Co-Founder and Chief Executive Officer
The Sheffield-based smart sensors business secured backing from NPIF to scale its operations and product development.
"We are delighted to receive the backing of Mercia and NPIF. Mercia has a great track record in backing innovative tech companies. We are a proud Sheffield business, flying the flag for Northern innovation, cutting edge engineering, and transformational IOT solutions."
Manchester-based Praetura Ventures led the funding round to help the Leeds technology firm enhance its product and expand its client base.
"RapidSpike is one of the most exciting young businesses in the North’s tech scene, with a unique platform that allows businesses to build safe, reliable and secure ecommerce websites. We have all seen the huge financial and reputational impact cyber breaches can have on businesses. RapidSpike is well-placed to support the growth in ecommerce and help to protect against the rise of cybercrime and particularly the Magecart threat."
— Sim Singh-Landa, Head of the GMC Life Sciences Fund by Praetura
Prudential and FNZ jointly led the six-figure investment into the digital vault startup.
"Life organisation and Legacy planning is something that can fill many with dread. While it is understandably a sensitive subject and strenuous task, it’s important that services like ours make it as easy as possible to prepare for life’s unexpected events. It’s important to highlight how it is never too early to think about the future and to keep plans updated throughout your life."
The funding from Maven will support the expansion of the firm's business units and software platform.
"GCV has developed an innovative software solution that considerably streamlines the investment process for investors, and the company is uniquely placed to capitalise on current market conditions. The company has grown to be one of the most high-profile venture builders and incubators in the North East and this is a great opportunity for Finance Durham to support a Durham-based business in not only scaling itself, but supporting the next generation of local entrepreneurs across the county and region as a whole. We very much look forward to continuing working and supporting GCV now and in the coming years."
