The financing round was led by angel investors including Elizabeth Spaulding, Alex Chesterman, and Camilla Dolan.
"This round of investment reflects the interest in the opportunity to change the way a very traditional industry has worked for many years. Our mission is to reinvent the way we shop for engagement rings and how we celebrate the sentiment of love through jewellery by removing the stress and barriers and making it fun and joyful again. In Western society, we’ve been seeded with the idea that we‘re obliged to spend a huge amount of money on engagement rings and that only a diamond will do."
The Development Bank of Wales backed the fintech startup to accelerate its technology capabilities and create new jobs.
"Mobile wallets such as Apple Pay are growing in adoption but research shows that persoanlisation is a critical in the success of digital marketing. While customers want compelling content and a personalised experience, payment and financial apps are not currently meeting consumer expectation."
The funding round was led by UK Innovation & Science Seed Fund with participation from LifeArc and Parkwalk.
"The increasing incidence of debilitating ophthalmic diseases brings morbidity and economic cost, and we are pleased to announce our seed funding today to tackle these urgent issues. We thank our investors UKI2S, LifeArc and Parkwalk for their support, and look forward to working with them to build Ikarovec into a leading gene therapy company."
