The digital addressing startup secured backing from Angel Investment Network to fund international expansion and double its headcount.
"A physical address should be a human right. Whether it’s opening up a bank account or getting an ambulance to your door, every person on this planet deserves access to these services. This raise is a vital stepping stone to unlock our growth into Nigeria as well as explore new markets across Africa, Middle East and Asia. The Angel Investment Network was instrumental in our fundraising success and has really helped us on our Mission to enable half the world without a physical address to “be included.”"
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
