The pre-seed round was led by Jenson Funding Partners to fund the commercial launch of the company's electronic Bill of Lading.
"International shipping is vital to our global economy and trade flows. The paper-based nature of our current industry leads to complicated processes and unnecessary costs of more than $200 billion in administrative overheads for companies every year. What’s more, the electronic trade documentation solutions currently available on the market are expensive and require complicated implementation by multiple members of the supply chain. This significantly limits the adoption of available solutions because the majority of SMEs lack both technical expertise and budget to implement them. By utilising our proprietary technology and unique capabilities of the NEAR blockchain protocol, we have created a platform that saves over 80% of time spent on documentation management during the shipment and can be seamlessly integrated into existing operations of shipping and freight forwarding companies. Our pilot partnerships have had a tangible impact on companies, and we are delighted to be launching our solution to the open market."
The London-based platform has raised £800k from family offices and angel investors to expand its operations.
"We’ve witnessed the appetite for long-term, higher upside investment classes like venture capital, and have experienced first-hand the high minimum investments and requirement to have extensive industry knowledge"
Oxx led the Series B round with participation from institutional and returning investors to fund product development and global expansion.
"Once again, we were blown away by the interest we received from investors, but as we carve our niche in the market, we remain steadfast in being selective of shareholders whose values and ambition align closely with our own. In spite of the economic downturn, we are encouraged that some of Europe’s most reputable investors believe in, and are keen to financially support, CyberSmart’s mission to protect and empower the underserved SME market against cybercrime. More importantly, we are delighted that they trust us to deliver on that vision, and I look forward to seeing how much we can accomplish in the year ahead."
The funding will support team expansion, technology optimisation, and marketing campaigns.
"I’m delighted with the success that we have enjoyed during the first year of Playdate and can not wait to build on this, expand the app, and help many more single parents find love."
The funding round was led by British Design Fund and will support domestic and international growth.
"I’ve always been passionate about solving problems and engineering solutions for the home. While the idea for the Hidealoo was driven by my father’s ill health and the need to get clever with small living spaces, it has many other potential applications. The frame itself has been engineered to be incredibly robust and is capable of taking well over three times normal human weight. It’s also made to last more than a lifetime having been tested over 250,000 times."
