Startup Funding Club led the seed round to help accelerate product development and national growth.
"We are very excited about this investment. Ember does an excellent job of breaking down the mysteries and shedding some light and clarity onto the complexities of accounting systems through an easy to use software and we believe that the company can make a real impact on small businesses. It is easily accessible and easy to understand – not full of jargon. Ember’s processes, tools and real-time notifications are more practical than the systems of traditional accounting softwares that rely on old fashioned processes and people."
The London based regulatory technology firm has closed a seed round backed by several private investors to accelerate research and international expansion.
"One of the major pain points any enterprise will face is the inefficient use of labour to manage repetitive, manual and error-prone processes that involve the extraction and checking of unstructured data,"
The investment round was led by FoundersX with participation from Founders Factory, Y Combinator, and Plug and Play Ventures.
"This is a massive achievement for us. When we came to market 2 years ago we were probably the only technology company talking about fairness and diversity. Fairness has been our core purpose from day one, it’s in our DNA, and we are so grateful to our investors and clients who saw how important our message was. For me this represents an investment in diversity, not just our company. This latest round will allow us to grow our capability in our core markets, levelling the playing field and breaking the cycle of exclusion that still chronically prevalent in the world of work. It is also a huge vote of confidence in the team who have worked so hard over the past 2 years to bring our purpose to life."
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