The Series C financing round was led by Singular with participation from dmg ventures, Lansdowne Partners, Kathaka, Felix Capital, and Beringea.
"Taymoor and the Papier team have completely reinvented stationery for today’s consumer. They’ve taken the traditional charm, sophistication, and personalised touch of the offline paper world, and merged it with a seamless, tech-driven consumer experience and production process. I’ve been so impressed with the team’s vision, ambition, and consumer-first values. We at Singular are thrilled to partner with Papier on taking this world-class brand to even greater heights."
The Cambridge biotechnology company has raised £31.4m from investors including M&G and Amadeus Capital Partners to advance its desktop protein printer.
"There’s a fundamental productivity problem in biotech today. A biotech scientist needs to know how to make proteins to design drugs. That’s like expecting a computer scientist to know how to build a computer to design software,"
The funding round was backed by NPIF - Mercia Equity Finance, Mercia and private investors to support international expansion and team growth.
"The investment will help us to further enhance the platform to improve patient experience, create more personalised solutions and expand our team to support our internationalisation and rapid growth."
Mercia backed the HGV recruitment platform alongside private investors to support system development and business expansion.
"The recent driver shortage has highlighted the critical role that HGV drivers play in keeping supermarket shelves stocked and the wheels of the industry turning. While conditions are improving and wages have risen, this makes it all the more important that operators cut out unnecessary expenses. Avail enables them to hire drivers at lower cost so more money can into drivers’ pockets."
The financing provides multi-year capital to support international expansion and reinforce liquidity.
"This transaction, where we have raised an additional $630 million, further reinforces the strong belief in Cazoo from new and existing shareholders who, like us, are extremely excited about the huge market opportunity that we have ahead of us. We are now very well-funded for the coming years to continue to capitalise on this opportunity and deliver the best car buying and selling experience for consumers across the UK and Europe."
