Pollinate secures £35.9m Series C funding led by Insight Partners to accelerate global expansion.
The London software business has closed a Series C round backed by Insight Partners and existing shareholders to fund international growth.
Pollinate is a global software business that partners with banks to help them enhance relationships with their business customers. The company provides a cloud-based toolkit that allows banks to offer a unified marketplace for small and medium-sized enterprises.
Pollinate has secured £35.9m in a Series C funding round led by Insight Partners. The round also drew participation from existing backers including NatWest Group, Mastercard, National Australia Bank, EFM Asset Management, and Motive Partners. The capital will support the company as it scales internationally, with a particular focus on entering the North American market and expanding its white-label marketplace offerings for banks and their corporate clients. This fresh injection of capital underscores confidence in bank-led models supporting smaller merchants.
From the founder
"SMEs are the lifeblood of economies globally. They are the job creators, the innovators, and the brave explorers that simply find a way to make things work. Access to capital, intuitive banking services and a broad ecosystem of value-added solutions and partners are critical to the journey of a small business owner"
Al Lukies
CEO and Founder of Pollinate at Pollinate
Investor perspective
"At Insight Partners, we invest in fast-scaling software companies. The Pollinate platform creates white-labelled digital marketplaces for the business customers of the world’s largest banks"
Emmet Keeffe III
Operating Partner at Insight Partners and Founder of Insight IGNITE, Insight Partners
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Emmet Keeffe III
Insight Partners
NatWest Group
Mastercard
National Australia Bank
EFM Asset Management
Motive Partners