Eurazeo led the Series C financing, which will accelerate product development and international expansion.
"This new round allows us to bring forward transformational capabilities that our customers are asking for. By combining full-stack engineering with zero customer complexity, we are building advanced agentic systems powered by the industry’s richest set of real-world logistics data. This will help warehouses and supply chains shift from systems of record to true systems of action."
The oversubscribed round was led by Fuel Ventures to accelerate growth across the UK and the US.
"As a clinician, I’ve seen how much of our time is swallowed by paperwork and antiquated systems. Synthax is our answer to that – to equip outpatient clinics with the same AI advantages larger institutions enjoy. The gap in this market is enormous, particularly in the US where thousands of independent clinics still lack access to modern tools. This investment will enable us to hire top engineering talent and accelerate our growth across the US and beyond."
The funding round was led by industry figures including Fabienne Viala and will support product development and team expansion.
"The industry thrives on collaboration, yet the way teams communicate is structured for failure. On-site teams have the most amount of knowledge, yet it’s largely untapped. We are solving one of the industry’s biggest productivity problems by making it easy for on-site and office-based teams to communicate and report in real time. This funding allows us to accelerate product development and scale across the sector."
The initial funding round will accelerate the development of technology designed to bring transparency to corporate foreign exchange markets.
"I am very pleased to welcome Macquarie as a significant shareholder in Tenora. To attract the backing of a major financial institution at this early stage is a strong endorsement of both the market need for our differentiated solution, and our compelling long-term strategy. Our two businesses believe that change is needed in the non-bank FX and payments industry to put the power back in the hands of finance teams. We look forward to launching our product and working together to reimagine the future of FX risk management"
Calculus Capital led a £1.5m seed investment to fund product development and international expansion.
"Frontline workers are the backbone of the service economy, yet they remain under-served by outdated systems that make tipping opaque, distribution slow, and compliance a headache for employers. With the shift to a cashless society and the introduction of the Employment (Allocation of Tips) Act 2023, businesses are under increasing pressure to manage tips fairly and transparently, while workers struggle to make their earnings go further."