Eleven Ventures led the seed investment in the financial artificial intelligence platform, with additional backing from Fuel Ventures.
"It was immediately clear from our own experiences in Venture Capital that Eilla’s innovative, AI driven approach will save a substantial amount of time and resources. Eilla will enable us in VC and others across PE, Corporate Finance and beyond to really focus on actually adding value. We’re excited to be investing alongside Eleven Ventures, and are looking forward to building something great with the enormously talented Eilla team."
Oxford Innovation Finance's Angel Network has backed Aura in a £560k seed round to expand its digital funeral planning platform.
"Aura has a mission to encourage the conversation about death within families instead of shying away from it. Built on the personal experiences of our Founder and Chairman Paul Jameson, Aura exists to ensure everyone can make a plan to look after their families when they are gone whilst embracing every bit of life while they are here. Our platform creates a society where planning for death is embraced and supported with the power of connection and compassion, redefining funeral planning and delivery. This investment will enable us to develop our solution to end-of-life planning and support that’s really changing lives."
The funding was provided by the North East Venture Fund and managed by Mercia Ventures to support international expansion and product development.
"While it is still early days for the ‘metaverse’, VR and XR technologies have matured significantly and the launch of Apple’s first mixed-reality headset next year is expected to boost awareness and drive global demand. The funding received from Mercia puts Luminous in a strong position to capitalise on that."
The seed round was co-led by Semantic and Fabric Ventures with participation from multiple institutional backers and angel investors.
"We believe that most future payments will occur on-chain. In fact, spreads for USD/EUR stablecoin pairs on DEXs are already more attractive than USD/EUR fiat pairs on traditional FX platforms today,"
Mercia Ventures led the Series A round to support product development and industry partnerships.
"Risk Ledger provides us with a more holistic, real time view of our complex supply chain, helping to identify and remediate potential vulnerabilities and issues early."
— David Malkin, former Divisional Information Security Officer at the UK Health Security Agency
