Cyclr secures £2m Series A funding from Blackfinch and Juno to expand its team.
The round was led by Blackfinch with support from Juno to accelerate recruitment and product development.
Cyclr develops an embedded integration platform enabling software vendors to build native integrations into their products. The company sells primarily to international clients in the software and SaaS economy.
Cyclr has secured over £2m in Series A funding led by Blackfinch, with continued participation from Juno. The capital will be directed towards expanding the team and accelerating recruitment as the firm develops its embedded integration platform.
The business has seen rapid growth recently, expanding its headcount from 12 to 23 and posting year-on-year revenue increases exceeding 150 percent despite recent economic disruption. This fresh injection of capital aims to capitalise on rising demand for software interoperability.
From the founder
"I am delighted to welcome Blackfinch as shareholders in Cyclr,"
Fraser Davidson
CEO at Cyclr
Investor perspective
"Cyclr efficiently allows SaaS platforms to connect to third party software, eliminating the cost and time to develop this functionality from scratch,"
Reuben Willcock
Head of Ventures, Blackfinch
Use of funds
- 01Grow the team
- 02Continue product development
