The Y Combinator alumni have raised £1.8m from Episode 1, Seedcamp, 7percent Ventures, Y Combinator, and Kima Ventures.
"We’re building an open source database for time series data, and time series databases are a multi-billion-dollar market because they’re central for financial services, IoT and other enterprise applications. And we basically make it easy to handle explosive amounts of data, and to reduce infrastructure costs massively,"
The funding round combines private backing led by Little Venice Partners with support from the UK Government Future Fund.
"The funding will allow us to help more early stage businesses who find themselves in challenging times and need to revise their plans due to the crisis"
Retail analytics startup Uncrowd completes its seed round with backing from behavioural science expert Phil Barden.
"Phil’s investment is significant not least because outside of Uncrowd, he is probably the only other person on the planet right now who can claim to be expert in understanding the role of friction versus reward. Phil Barden’s book ‘Decoded. The Science Behind Why We Buy’ is a foundational text on practical behavioural science, every retailer should read it, we at Uncrowd are honoured to have Phil’s unique expertise now available to us. Together we will continue to transform the next generation of customer analytics."
The Middlesbrough-based pricing platform secured the seed capital from Mercia and private investors to fund international expansion.
"Pricing has previously appeared like a dark art, and traditional approaches are problematic and not very effective. Trying to price match with competitors can lead to price erosion, especially in a downturn, while sales staff often resort to discounting to meet targets."
The funding round was led by Mercia and will support product development and team expansion.
"With 3.5 billion smartphones worldwide, mobile apps are an effective way for public and private sector businesses to roll out their services to a wide audience. Nutshell makes mobile app development easy and will help businesses large and small to drive innovation and growth."