Startup Funding Club backed the Welsh cyber security startup through its early stage funds.
"Startup Funding Club are a great investor and partner for us. They have a clear understanding of the industrial markets, and will be able to provide much more value than the funding alone. We look forward to working with SFC."
Sir Peter Wood and Bain Capital led the funding round to support Pikl in scaling its specialized insurance business.
"Pikl has an innovative proposition that will appeal to a fast-growing and under-served market, with significant potential for global expansion. Louise and her team have the experience and drive to fill this gap and I am delighted to support them on this journey"
The Lincoln technology start-up raised the capital through Minerva Business Angels and Innovate UK.
"After seeing Tended pitch a couple of times at Minerva events, one of Blackfinch Ventures directors expressed an interest in investing. Initially, I thought it was just him acting as an individual Angel, so when I heard the investment was to be through Blackfinch and they were interested in investing £810k, it came as quite a shock! It also came at just the right time as we had a number of very exciting opportunities opening up, which required a much larger cash injection than previously anticipated."
Triple Point Ventures led the seed financing to support product development and commercial expansion.
"The average consumer knows SMS as a simple, quick way to send messages. High open rates offer companies growing possibilities to use this platform. By increasing accountability and efficiency in the delivery of SMS messages, Augnet is in a strong position to help large corporates solve the significant challenge they face in targeting consumers via SMS technology. We look forward to working with Daniel, the management team and Augnet’s other investors to help realise this potential."
The investment was provided by the Rail Supply Growth Fund and Angelgroups to fund team growth and product development.
"This investment is a fantastic opportunity for us to develop our business. The funding will support our product growth and allow us to transform the way the UK and international rail markets deliver their projects."