The funding round was led by Forward Partners with participation from Seedcamp and prominent angel investors.
"When I moved to the UK from the USA my credit history did not come with me. This made getting a credit card or loan difficult, if not impossible. I realised this is a problem that affected millions of people who are new to the country, but also people who have not built a credit history in the UK more generally. Koyo was built to give people who have historically been taken advantage of, an opportunity to access credit at a competitive rate and build credit history. The opportunity is further evidenced by a seasoned management team which includes Kevin Allen (former CRO of RateSetter) and Guy Evans (former CTO of LendInvest)."
The University College London spin out raised the capital from IQ Capital to scale its artificial intelligence software optimisation suite.
"We are at the precipice of automated optimisation and TurinTech.ai is well-positioned for clients who wish to increase profitability and reduce costs. Our research has prompted interest in our commercial product from big tech companies, a multinational FMCG, fintechs, other startups and hedge funds to name a few."
The agtech business overfunded its original target on Seedrs to support product development and international growth.
"We’re really pleased with where the round is finishing up. Exceeding our initial target will allow us to continue to build our UK farmer base while also further developing and marketing our new revenue-driving services like payments, finance and haulage. With all of the uncertainty and tough market conditions out there we are here to help farmers realise upto 12 percentage points of efficiencies in their trading. We are adding more and more services to turn Hectare into a full service trading platform to ensure we are giving farmers all the tools they need to conduct their business in the most efficient way."
The Glasgow technology start-up has raised the capital through a crowdfunding campaign and backing from Jacobo Invest UG.
"This crowdfunding campaign was unique as we initially offered it only to industry peers, as an advocacy-building campaign as much as to raise funds. We raised £500,000 in four weeks from 550 investors and closed the campaign early."