The funding round was led by the Development Bank of Wales with participation from angel investors.
"We want to “Power Up” employees so that they feel confident in the workplace, no matter where they sit. With this new focus and investment, we felt the time was right to re-brand the platform. This latest round of funding will help us to accelerate the growth of the brand and work towards our goal of becoming the Netflix of career development. We are hugely proud of the success that Careercake has had to date and thrilled with the support we have had from the Development Bank of Wales and our investors."
The oversubscribed round was backed by Beer & Young founder Nick Young.
"I was first introduced to my now business partner*, JS, almost two years ago. His vision for modern barrows fascinated me – during this period we talked about how to bring such a vision to reality. We believe we have found the right model and management team and I’m delighted to have invested in this round"
The London fintech startup secured backing from Forward Partners, Frontline Ventures, and JamJar Investments to support its growth.
"Combining accounting and banking into one single product simplifies running your business. It saves time and takes away the pain and hassle of tax and compliance."
CupClub secures £200k from investors to grow its team and scale operations.
"We plan to use these funds to build our operations team to deploy for our first major real estate client, Cushman and Wakefield, and other client sites across the UK; we aim to bring down our current manufacturing costs by x10 through new investment in tooling. There is tremendous appetite for our service, which eliminates single use plastics, increases CO2 efficiency and reduces waste for client sites."
