The online lender secured £8m in growth private equity alongside continued credit support from Goldman Sachs.
"The fact that we were able to raise £8 million for an online small business lender in the midst of a global pandemic from sophisticated investors with industry experience speaks to Capify’s business model, the unprecedented opportunity ahead of us and its management team"
The round was led by the Cass Entrepreneurship Fund alongside matched backing from the Government's Future Fund.
"Positive behaviour change in individual travel modes generates increased physical activity, a shift change in transport and significantly reduces CO2 . Healthier lifestyles, improved air quality and a major contribution to climate change ensue. The forward thinking of the CASS Entrepreneurship Fund and the innovation of the Government’s Future Fund Scheme ensure that BetterPoints technology can be developed further, through the Covid-19 pandemic, to accelerate this behaviour change – and produce a rich seam of data – with the public sector and private businesses, in the UK and internationally"
The funding round was led by Seraphim Capital and Opea Holding to support research and development and go-to-market efforts.
"We are so pleased that Seraphim Capital and Opea Holdings are continuing to invest in Bamboo with another strong show of support for our unique server architecture,"
The Series A round was led by Stride with participation from Hearst Ventures and existing backers.
"Not only has the global pandemic provided the catalyst for a mass shift into multi-channel commerce over the next five years, but there is a real D2C revolution happening. Thousands of young D2C businesses are bypassing conventional retail channels to engage directly with consumers."
The company has secured Series A backing from strategic investor Qualasept Holdings.
"Most mainstream database technologies, whether relational, graph, or document-oriented, keep the latest state of the data, throwing away the old data when it changes. In contrast, EventStoreDB, the leader in the emerging class of databases, called Event Stores, is specifically designed to keep the changes along with the business context of those changes, in the form of events. Current state can then be derived from replaying the event stream. This pattern enables a myriad of benefits, including powerful audit, debugging, caching, occasionally connected scenarios, and much more."