The pre-seed round was led by SFC Capital and accompanies the company joining the Techstars accelerator.
"Brand values are more important than ever to consumers, and studies show that investment in social impact partnerships has a positive ROI. It’s a win, win, win, for causes, retailers, and consumers. We are stoked to be backed by two incredibly reputable and active investors in realizing Virtue’s vision"
The investment round was led by transatlantic growth equity firm Kennet Partners.
"I’m delighted to announce details of today’s funding round which will further propel Jiminny’s growth and enable us to keep supporting and serving our customers to the high standards we set."
The Hull-based no-code app builder has secured seed investment from SFC Capital to fund research, development and operational growth.
"We started February after identifying a distinct gap in the UK market for a no-code app developer and that the route to that market was quickly achievable with the skills and team we had and were able to pull together,"
Bank of America, BNY Mellon and Citi provided the latest strategic investment to support the low-code platform.
"This strategic support from Bank of America, BNY Mellon and Citi demonstrates their confidence in low-code as an accelerator for the next wave of IT innovation,"
Maven Capital Partners has backed the software provider to support product development and team expansion.
"We believe that Zinc offers an excellent opportunity for investment into a scaling business that is operating in a market supported by positive sector dynamics. The Company is led by a very capable team, and they have made good commercial progress to date. Revenues are backed up by strong recurring revenues and a positive deal pipeline of prospective new clients. We are delighted to have structured a debt and equity solution which will support the delivery of management’s ambitious targets."