FLEETCOR Technologies acquired a minority stake in the UK electric vehicle software platform.
"FLEETCOR is in the business of solving and simplifying complex payment and logistics problems for customers of all sizes, industries and locations with innovative products and services. The move to EVs is just the latest business challenge facing commercial fleets,"
— Alan King, Group President, Europe & Australasia
The company raised the capital to expand its technology, team, and commercial footprint.
"We are delighted to have this group of investors onboard for the next stage of our journey. The success we have achieved to date is a real testament to the incredible tenacity and resilience of the team and our customers. Even through the most difficult times, they have been an absolute force of optimism and willpower. 2020 was a difficult year, but seeing how everyone responded was truly inspiring, and I can’t say how grateful I am to be on this journey with them all. Now, we are looking forward to helping ever more experience businesses thrive and grow together with us."
Calm/Storm VC led the pre-seed round, which also saw participation from QVentures and an innovation grant from InnovateUK.
"Our mission at Béa is to democratise access to effective fertility treatments; providing people with more options. ICI is clinically proven to be highly effective when it comes to increasing the chances of conception, but it’s not made available to people at the beginning of their fertility journey. Instead, they have to take a big leap into the expensive world of invasive treatments. But for people where there’s no medically-identified issue causing infertility, ICI can be the ideal way of maximising their chances of getting pregnant. We’re designing a product that enables people to do this easily and affordably, all from home."
The open banking newcomer raised funds from members of the Claret Club to expand its staffed kiosk network.
"Working with ABA has been brilliant. OneBanks engaged with ABA early in the growth cycle where the business was only starting to gain traction with relevant stakeholders and I was delighted that the investor network connected to the concept of OneBanks and believed in me as a founder to execute. The support and encouragement from the investors have been a key driver to the success to date."