The financing round was co-led by Cota Capital and TempoCap to drive the adoption of account-to-account payments.
"In the next four years, the global value of open banking payments is expected to exceed $116 billion, with Europe accounting for 75% of all transactions,"
Triple Point Ventures backed the pre-seed round, which will fund team expansion and scaling across the UK.
"Isolation and uncertainty have amplified a silent mental health crisis in workforces across all sectors. Sadly, millions are more vulnerable, less able to cope and at greater risk of burnout."
The financing round was backed by prominent legal and technology figures including Ralph Baxter.
"the sheer velocity and rate of change facing today’s legal departments has created new challenges requiring new age thinking. LawAdvisor is addressing these challenges with its remarkably innovative tools. Tools that offer organizations the opportunity of achieving operational excellence"
Ahren and Speedinvest co-led the seed round to help the data collaboration platform expand its engineering and design teams.
"Where traditionally the legal process behind sharing raw data between parties can take months or even years, Bitfount’s secure network instead allows algorithms to travel to datasets rather than the other way around, which means there needn’t be any disclosure of sensitive information. This new paradigm unlocks opportunities for both analysis and machine learning that were previously impossible – either because they required sharing of sensitive raw data, or because the contractual agreements were prohibitively complex."
The Cheshire healthcare company has raised a financing facility from Tradeplus24 starting at £1.8m and scaling to £5m.
"We’re delighted to have received the funding approval from Tradeplus24. It’s a significant deal which underpins the wider confidence into the life sciences sector and one which will help us to bolster our presence across the UK."