The investment, advised by Izy Capital, will support the ServiceNow partner in scaling toward its long-term revenue targets.
"We are beyond grateful to Lloyds Bank and the Izy Capital team for their help in achieving this massive opportunity. I look forward to working with my co-founder Arron and our growing team toward our vision of building Wales’ first global technology consultancy with £1bn in annual revenue. This injection of capital will help us accelerate even faster into the next level, as well as being a huge vote of confidence in our vision to continue supporting the local economy with hundreds of jobs in the near future."
HearstLab launches its UK presence by backing the London financial technology company.
"We are excited to announce that Akoni will be our first investment in the U.K. Their digital tools and customer-centric experience are unmatched, and we look forward to helping them continue to grow and innovate,"
The investment from the Adecco Group will support workforce expansion and technology development.
"We started Tempo because we wanted to transform the recruitment process, from what can sometimes feel like a slow trudge, into an exciting and enjoyable journey. Today we have a platform that’s helping tens of thousands of businesses and job seekers through the hiring process, and with the backing of the Adecco Group, we are ready to deliver our vision across the UK and internationally."
Growth Capital Partners has taken a minority shareholding in the risk management software provider.
"This investment is a key milestone in the CubeLogic journey. Our technology is second to none, but I believe that our success is based on a great business culture and an unrelenting commitment to innovation and customer satisfaction. We had a laser-sharp focus on finding a partner who bought into our vision and the way we operate. I have huge aspirations for the firm, and I am confident that GCP are the perfect fit to support us on our mission."
The financing round was led by Spark Capital and General Catalyst to accelerate platform development as the company exits its beta phase.
"The need for building and maintaining community connection remotely has always been essential, and there's an obvious demand for tools that do more than just livestream our faces. We've created a platform that puts us back in the room together so we can do what we do best and what we miss the most when we're remote—connect with others and create communities."
