Noah secures £1.4m in seed funding led by Fuel Ventures to expand its product line and team
The funding round was led by Fuel Ventures with backing from angel investors.
Noah builds next-generation payment infrastructure that connects local payment systems to a unified global network using stablecoins. Its platform enables businesses to execute real-time cross-border money transfers across multiple currencies.
Starter kit provider Noah has secured £1.4m in a seed round led by Fuel Ventures, alongside participation from angel investors. The capital injection will support the company as it expands its product range and scales its internal headcount significantly following two years of trading.
Established to simplify major life changes through curated collections of tried and tested items, Noah offers nine different starter kits. The business has built a customer base exceeding 10,000 buyers since its initial launch in 2019.
Proceeds from the raise will be directed towards growing the team, scaling the product line, launching a content-driven application, and supporting the conscious efforts charitable programme.
From the founder
"For the past two years, noah has brought convenience, quality and confidence to thousands of customers, and we are thrilled to have been able to journey with them on some of life’s most important ‘firsts’. We are continuously looking at how we can grow as a brand, all the while making our customers’ lives that little bit easier, and this funding will be key in taking the business to the next level. We are looking forward to expanding all areas of the business and bringing new products to market, as consumers continue to embrace the convenience that D2C shopping brings"
Moritz Braatz
CEO and co-founder at Noah
Use of funds
- 01Grow the team
- 02Continue product development
- 03Scale operations
