The financing round was led by ACF Investors with participation from Nauta Capital, Ascension Ventures, and several strategic angels.
"Against the current zeitgeist of increasing privacy regulations and data restrictions by platforms, there is an urgent need for innovative solutions that empower advertisers without compromising user privacy. This investment is a testament to our foresight in on-device AI and privacy-focused technologies, setting the stage for our global product and commercial expansion plans."
The funding round was co-led by Clean Growth Fund and Pymwymic to support research and commercialisation.
"Intensive agriculture and overuse of agrochemicals have contributed to a 70% biodiversity loss in the past 50 years, which has been made worse by the damaging effects of climate change – drought, soil warming and higher levels of CO₂."
The oversubscribed round will support product development and international expansion for the asset management software provider.
"We are focusing on empowering financial service institutions to remove outdated legacy technologies and dramatically improve the cost efficiencies of their operations by using ZILO™ to transform to a modern digital solution supporting existing fund structures, new digital assets and improving client experiences."
— Philip Goffin, Founder and Chief Executive Officer
