Global Founders Capital led the Series A round to support the growth of the educational finance platform.
"The future of work in the digital economy means continuous learning from 16-65 years old, or as the American’s say K to grey. We are looking to democratise funding of tech and coding courses by removing barriers for upfront payment or having to take out high interest loans. We don’t believe in charging our users and have instead opted to build a business model that charges a merchant fee to our partners and is free to the enduser (the student)."
The funding round was led by existing shareholders to support platform feature expansion.
"We are delighted by the industry’s response to Insurwave, as we continue to onboard clients across risk owners, brokers, insurers and reinsurers. We are mission-centric in our approach to provide a digital-first platform for complex insurance that can benefit the sector at large."
Local entrepreneurs Daniel and Connah O'Toole lead the seed round, taking a majority stake as UpriseVSI rebrands to Flex Systems.
"Innovation is a core value of our business and, in 2016 we started the investment in developing a technology platform that would ensure that RMS remained at the forefront of its industry."
The financing round was led by General Catalyst alongside several other prominent institutional investors.
"Over the past few months we have seen an acceleration in the shift from offline to online car buying as UK consumers have continued to embrace our unique and market-leading proposition. This latest funding demonstrates the conviction of some of the world’s best investors in both our business model and team as well as the UK market and gives Cazoo the firepower to deliver on our plans to provide the best possible car buying experience for UK consumers."
