YFM Equity Partners has provided an £8m follow-on investment to support organic growth and acquisitions.
"We have seen consistently strong growth since YFM’s initial investment, with their funding enabling us to take advantage of market opportunities as well as us benefitting from the team’s strategic insight. Together, we have developed an ambitious plan to scale the business, both in the UK and abroad, through both organic and acquisitive growth, as the sector continues to expand post-pandemic."
AlbionVC leads the latest funding round alongside existing backers Amadeus Capital Partners and Finch Capital.
"Organisations that can extract insights from big data in a timely manner will be the leaders of tomorrow. Our investment in Brytlyt.io is in firm support of that thesis. We are therefore delighted to welcome Brytlyt.io, and visionary founder Richard, into our growing portfolio of cutting-edge data companies that includes Quantexa, Solidatus, Elliptic and more"
The pre-seed round was backed by angel investors and a Crowdcube campaign featuring 400 participants.
"Recently, We’ve seen more and more people entering the stock market or starting their investing journey. However, there’s currently no way for everyday investors to ensure their investments aren’t harming the things they care about. We want to ensure anyone who wants to understand the impact of their investments can and has the power to make conscious decisions through access to information"
Mercia led the Series A round with participation from Chroma Ventures and private backers.
"This investment is an endorsement of our success in building our platform, technology and team. Launched three years ago, we are now serving 12 per cent of the UK commercial insurance market; we have established that our platform delivers results for our customers and is attracting significant and growing demand from brokers and insurers alike."
SFC Capital has backed the London startup to expand its visual application development software.
"We’re excited to be partnering with such a renowned institution as SFC Capital in our efforts to make app development accessible to everyone. The day when my non-technical mum can design and launch her own tech startup without a technical co-founder is coming and this helps put us one step closer to that"