The seed round was led by Outward with participation from ING Ventures and Triple Point Ventures.
"The key to delivering the best value for clients is to fully integrate data, security and operations in a single application through DataSecOps. This investment from leading venture capital firms, including one of our major banking clients, is a validation of what eXate has achieved to date and provides a solid foundation to bring the value of DataSecOps to a larger audience of data-driven organisations."
The funding round was backed by Henley Business Angels to support team expansion and product growth.
"The problems and opportunities of giving managers and employees the tools they need to thrive are well understood and software plays a key part in the solution. The Henley Business Angels team understood the value we bring to business and their support was really useful."
Seven members of Henley Business Angels contributed £145k as part of the overall investment.
"I’m delighted to be taking investment from such a dynamic and engaged network – we are looking forward to harnessing the specific expertise of our investors as well as using the funding wisely to generate significant value over the year ahead."
The funding round was led by Nauta Capital with participation from Anthemis.
"Companies waste $20billion on duplicate, forgotten or unused SaaS purchases yearly. Our mission at Cledara is to help our companies cut through the chaos and start managing their software subscriptions in a scalable way. This round comes at a point in time when a successful transition to the cloud is critical for businesses and economies everywhere"
The Bristol-based HR and payroll software provider has raised £2m from BGF to support its organic and acquisitive growth strategy.
"We are extremely excited to be partnering with BGF with this investment. It not only means our plans are funded, but also gives us validation that an investor with a reputation such as BGF’s believes in what we have achieved up to this point."
