Autologyx raises £1m in Series A funding from Angel CoFund, Beacon Capital, and Richard Hargreaves to expand sector reach
Angel CoFund, Beacon Capital, and Richard Hargreaves led the round, which will fund platform development for legal, RPO, and insurance markets.
Autologyx provides a digital operations platform that automates complex business processes for companies in the legal, recruitment, and insurance sectors. The firm integrates next generation technologies with legacy systems to help enterprises increase efficiency.
Autologyx has secured £1m in a Series A financing round led jointly by Angel CoFund, Beacon Capital, and Richard Hargreaves. The capital will be deployed to accelerate the development of the company's digital operations platform and expand its presence within the legal, recruitment, and insurance markets.
The business has experienced notable growth over the preceding year, doubling its recurring revenues on the back of rising demand for its process automation software. Existing backers previously participated in a pre-Series A round in 2017.
From the founder
"Automation is one of the hottest buzzwords in business but to-date many enterprises have been disappointed by the solutions they have implemented as often, the technologies they have bought have failed to embrace their ‘real world’ complexities."
Ben Stoneham
CEO at autologyx
Investor perspective
"autologyx has maintained an excellent track record since we first invested in the team, and they’ve delivered some first class results for customers. Their growth demonstrates a strong market demand for solutions that can help businesses automate everyday processes and increase efficiency. We are pleased to be part of this round supporting autologyx’s continued success."
Tim Mills
managing partner, Angel CoFund
Use of funds
- 01Continue product development
