BGF and Tencent join existing shareholders to support the biotechnology company in advancing its drug development programmes.
"We are delighted to have significantly added to our Series A financing, which we see as a strong validation of both our technology and our progress to date. I would like to thank Tencent and BGF for their belief in our potential, as well as all our existing investors for their continued support."
The pre-seed round was led by TechStart Ventures and Ascension Ventures to fuel international expansion and product development.
"The support we have received through local programmes has been fundamental in our success; from being able to tap into expertise to first-class networking opportunities.farmdrive was started on my own family farm to make everyday life easier for cattle farmers. We’re incredibly proud to see it being loved and trusted by thousands of farmers across the UK and Ireland. This £1m investment lets us take our practical vision worldwide – giving farmers better data in their pocket and giving meat processors and retailers the transparency they need – from farm to shelf."
The funding round was led by KKCG and included participation from Deutsche Bank and BNF Capital.
"In just five years, we have rewired the relationship between brands and their customers, offering a different way to pay that brings mass benefits to both consumers and merchants,"