Amadeus Capital Partners led the seed round with participation from Speedinvest and existing backers.
"Video files are typically large in size and present unique challenges of scale and security for access, processing, review and supply compared to other data. Without specialist automation data security is impossible to manage at any scale. Our products are currently being used in the preparation of video evidence, the anonymisation of visual data for analytics and for compliance with GDPR and other data protection legislation."
The round was led by NPIF Maven Equity Finance with participation from the UK Government Future Fund.
"A number of the market sectors we operate in, such as Waste, Haulage, Civil Engineering and Telecoms are vital to keep the country going and even more so during the pandemic. The principles of our software solutions have always given our customers the ability to operate remotely and from anywhere through cloud-based control systems and mobile apps. This approach continues to support social distancing and sanitary working practices."
West Hill Capital backed the seed follow on round to support new product development and international expansion.
"West Hill was most impressed with TestCard’s management team and technology and believed that the company would make a significant addition to our portfolio. TestCard is now perfectly positioned to benefit from a new world where home testing for a multitude of medical conditions or illnesses has become necessary in order to alleviate the strain on our healthcare services."
The Lincolnshire technology firm raised the capital to support team expansion and meet rising demand for its remote event planning software.
"I’m delighted to see Iventis make huge leaps forward in its growth. The company is recruiting talent from within the events industry, which has suffered immensely during the pandemic. We already have high-profile early adopters of the Iventis software, many of which are relying on its capabilities to reschedule and redesign their events."
The seed round drew backing from a group of digital and blockchain focused venture firms, including Alameda Research and CoinFund.
"Getting our FCA regulation in place and building the exchange platform were huge first milestones for us. But we obviously also needed the funding in place to meet our regulatory capital requirements to launch. To successfully close our seed raise, and beat our target in the process, was amazing – even more so when you consider the calibre of the VCs who have invested in us."
