The funding round was backed by FNZ alongside industry executives and existing investors to expand enterprise capabilities.
"FNZ remains committed to solving the problems faced by consumers of long-term savings products, by using our own technological and servicing capabilities and by supporting wider independent innovations in the sector. We are building an ‘App Store’ for our platform customers, enabling startups and third-party providers to seamlessly connect with platforms and provide services to platform users – promoting choice within the wealth management solutions market."
Green Angel Syndicate led the investment round to accelerate international expansion and support team growth.
"This €2 million investment will allow us take our technology further into the European market and also enter the exciting North American market. We are planning to action our aggressive hiring plan over the coming months and grow our team significantly. This will initially focus on building our capacity to tackle major water management and sewer pollution issues through the hiring of software engineers, data scientists and drainage engineers, as well as expanding our marketing team to raise awareness of our products"
The company has raised £455k from existing backers and the UK Government Future Fund.
"We’re tremendously proud that our existing investors have stood by our vision to disrupt the mobility sector. We’re continuously moving our product forward and this fundraise will allow us to accelerate the development of our Demand Responsive Transit and smart mobility platform allowing transport operators to improve their profitability and increase their ridership"
The Falmouth startup secured backing from the Cornwall and Isles of Scilly Investment Fund and Haatch Ventures to grow its live streaming platform.
"We want to make it as simple as possible for any streamer, anywhere, to host their own interactive show. That could be a quiz, a game show, a talk show with interactive elements, or any of the many formats we are planning to roll out in the next 12 months"
The Edinburgh based smart home security start up secured £1.7m from angel investors and a construction firm.
"It became very clear from my discussions with investors over recent months that they like the space Boundary is operating in. We have worked hard to get to grips with the stringent regulatory framework that exists around the police response intruder alarm market and this is clearly a key strength of the Boundary model."
