The funding round was led by TrueSight Ventures alongside notable angel backers to expand team size and regional reach.
"We’ve developed a service in the last 2 months that is available to provide coronavirus disinfection. Our original goal for the business remains to help the planet – originally focussing on the eco-friendly nature of our tech compared to traditional laundry options. However, in recent weeks it’s become apparent that our help is needed in keeping people safe. In light of the current coronavirus situation, we are working closely with NHS and vulnerable groups to provide support when needed as well as doubling down on our software development, including our app, and rolling out the service to London later this year while continuing to focus on our original locations – Oxford and Cambridge."
The investment round was led by OMERS Ventures with support from existing backers Kindred Capital and Moneysupermarket Group.
"Raising growth capital from leading investors such as OMERS Ventures is a testament to the strength of our business model and the great work that the Flagstone team does every day to support clients with protecting their cash deposit investments. This new financing will support the acceleration of our plans to extend our penetration of the UK market to new customer segments."
The seed round was led by Force Over Mass with backing from Backed and Acrew Capital.
"The current payments systems used by credit card companies and most traditional banks were designed 40 years ago and have become archaic, not to mention costly and inefficient for businesses to use. It’s time we welcomed the future of payments and given the current state of the economy, businesses need this now more than ever."
The funding round was backed by Northstar Ventures and angel investor Andrew Robson to support product development.
"On average, we check our smartphones every 12 minutes – they’re always in our immediate reach. Text giving is a really simple and accessible way for anyone to make a one-off or monthly donation to a charity in less than a minute."
The business intelligence firm secured funding from QBN Capital and the Development Bank of Wales to scale its flagship platform across financial services.
"DataVoyant connects to any internal or external source and analyses both structured and unstructured data. It enables users to uncover market signals and trends, improve debt management, control risk better, and rapidly identify emerging opportunities. Our technology delivers unprecedented insights, well beyond what traditional providers are capable of"
