The financing round was led by Hoxton Ventures to support international growth and technology development.
"At Fy!, we're passionate about building a new way to shop for all the products people care about. We're thrilled to add Hoxton Ventures to the team and chose them due to their strong track record in supporting UK startups scale globally. We will be using this latest investment to continue to grow internationally – the US sales already make up over a third of Fy!'s revenue – by expanding our assortment there and launching Fy! in a number of large European markets."
The financing round was led by AXA Venture Partners with participation from Swisscom Ventures, Investiere and VentureFounders.
"This is great news for us as we continue to thrive. This funding round marks the continued recognition of the strength of our team as we are now one of the biggest go-to-market data providers in Europe."
Accel led the Series B round with participation from GV, Salesforce Ventures, and existing investors.
"Over the past few years, we’ve seen the low-code revolution sweep multiple industries but in financial markets, legacy vendors and generalist low-code providers still dominate. Many firms are missing out on the benefits of low-code programming – agility, value and flexibility – at a time in which they’ve never needed it more. We knew there had to be a better way to build software in financial markets and enterprises more broadly. Our low-code application platform is a game changer, democratising product design and helping firms deliver digital innovation quicker and with less code. We are excited to have Accel on board who has a long track record in supporting category-leading companies in low-code and enterprise automation."
The funding will be directed towards research and development while the company native token integrates with Fireblocks.
"While blockchain has been a revolutionary phenomenon in its own right, a lot of people have been conveniently ignoring the disruptive potential autonomous technologies pose to our industry,"
The oversubscribed round was led by Fasanara Capital with participation from angel investors including Chris Adelsbach.
"Fasanara is excited to announce our partnership with DIEM and Geri Cupi whose unparalleled and unique approach is truly category-defining within fintech. We are compelled with DIEM’s vision, setting precedent as a new generation fintech powered by principles of circular economy and look forward to support its growth"
