The minority investment is backed by Hermes GPE and will drive customer-centric product innovation.
"We are delighted to have Newlands Capital onboard to help us continue our product led growth,putting the customer experience first in everything we do. The bespoke investment offered by Newlands and their 20 year plus technology investment experience is what we need at this point in the development of Capsule."
The funding round was led by Elevator Ventures and will support growth in Central and Eastern Europe.
"Our collaboration with EV started with RBI’s fintech partnership program Elevator Lab, where we shared our solutions from a start-up perspective. The relationship developed from a successful PoC with RBI to a growth investment."
Maven Vcts has led a £2m Series A round in data analytics provider Hublsoft to support product development and international expansion.
"Hublsoft has developed an innovative proprietary data visualisation product which is addressing a large and growing corporate market and, despite the company still being at a relatively early stage, it has already been successful in attracting an impressive range of blue chip clients with a low churn rate. The market opportunity is significant, and Maven’s investment will enable the business to scaleup and capitalise on the increased demand from brands to utilise big data to make improvements to the retail and wholesale performance of their products. Today’s funding highlights Maven’s ongoing commitment to support fast growing UK businesses."
Wesley Clover and the Development Bank of Wales led the seed financing to accelerate the development of cloud visualisation and editing features.
"With heightened emphasis on the criticality of excellent technology infrastructure, all businesses should be able to maximise the benefits of Infrastructure as Code to speed up software delivery, reduce costs, and improve product quality. Whether it is because of a skills gap, a lack of knowledge, or aninability to deploy it at scale, Infrastructure as Code needs to be made more accessible to a wider cross-section of the business community. We’re excited to launch our platform into that space."