The funding round was led by Elevator Ventures and will support growth in Central and Eastern Europe.
"Our collaboration with EV started with RBI’s fintech partnership program Elevator Lab, where we shared our solutions from a start-up perspective. The relationship developed from a successful PoC with RBI to a growth investment."
The home intelligence brand secured the investment after winning The Start Up Series competition.
"We have so many connected devices in the home from nanny cams and speakers to smart fridges, digital doorbells and games consoles, that we need security for all of them. Our vision is to protect at least two million homes and families from cyber-attacks by 2025 so this investment will support our efforts to grow substantially over the next 12 months in order to do so."
Maven Vcts has led a £2m Series A round in data analytics provider Hublsoft to support product development and international expansion.
"Hublsoft has developed an innovative proprietary data visualisation product which is addressing a large and growing corporate market and, despite the company still being at a relatively early stage, it has already been successful in attracting an impressive range of blue chip clients with a low churn rate. The market opportunity is significant, and Maven’s investment will enable the business to scaleup and capitalise on the increased demand from brands to utilise big data to make improvements to the retail and wholesale performance of their products. Today’s funding highlights Maven’s ongoing commitment to support fast growing UK businesses."
The investment round was led by Hiro Capital with participation from BoostVC, Maveron, and TenOneTen Ventures, alongside an innovation loan from Innovate UK.
"Over the last year, we have been redefining fitness and challenging people’s perceptions of what a fun and effective workout is, providing an alternative for people who want to keep fit but are unmotivated by the traditional fitness offerings"