The seed round was backed by investors including 365.fintech, Seedrs, and FunderBeam to support product development and team expansion.
"The investment brands we know today fall under two extremes: self-directed DIY investing, where it may be fun and sticky but, as many have pointed out, the risk of losing your money is extremely high; on the other hand, done-for-you portfolios which are managed for you or simply indexed but do not provide any flexibility, meaning you don’t get a sense of involvement, or the ability to avoid general market losses during unprecedented events like COVID-19. Investment is better when people work together to avoid bias, which is why we are building a new model for investors combining AI and Crowd Wisdom to create Wisdom in Crowds™. Our mission is to protect people from losing their money while empowering them with the tools to enjoy making more thoughtful investment decisions"
Mobeus Equity Partners has provided £3m in Series B funding to accelerate product innovation at Preservica.
"Mobeus supported the spin out of the original Preservica technology platform from its successfully exited portfolio company Tessella. Since 2016,we have partnered with Preservica to drive its international expansion and further technological development by providing an overall commitment of $12.8m (£10.0m). We continue to be impressed by the team’s progress against its core operating KPIs and believe the long term market drivers around privacy and governance make this a very exciting opportunity."
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."
