Element Ventures led the Series A round to support team expansion and product development.
"Crypto can be complex and confusing and people have valid fears around the safety of their funds. With Coincover, we are providing a fundamental building block for a rapidly maturing market by ensuring that people can be protected against making a mistake that can end up costing them thousands. This investment means we can rapidly scale our growth to market and consumer demands, and in doing so ensure more people can invest in crypto safely."
Highland Europe led the financing round with participation from Stride.VC to support international expansion and product development.
"By 2025, our goal is to partner with institutions to empower 10 million students to progress on their higher education journey. We will triple the size of our engineering team, expanding our product suite and with it, our role in the higher education journey – from selecting a program, to onboarding to post-graduation. In particular, the team will double down on efforts in the United States and APAC where there is a strong appetite for university admissions and recruitment teams to engage with both domestic and international students."
The web browser company secured backing from a consortium of high profile angel investors following a television appearance.
"Things have really taken off since I was in the Den! We’ve seen such an incredible response, with over 1.5M people visiting our website and hundreds of thousands downloading Gener8. It feels like a movement is starting."
Maven Capital Partners led the Series A follow on round with participation from regional funds and private investors to scale operations and expand the team.
"Oak is a proven, fast growing technology business led by strong, experienced management team. The platform is globally scalable and as employee engagement is becoming increasingly recognised as pivotal in the overall success of a business, Oak continues to secure a number of impressive customer contacts. We look forward to working with Will and the team as the company scales further and continues to expand."
