TOffeeAM secures £5m Series A funding to drive international expansion
The round was co-led by Presidio Ventures and East Innovate to support global scaling.
TOffeeAM develops artificial intelligence software to design advanced engineering components and systems. The technology replicates and accelerates human engineering creativity to help industries improve performance and lower emissions.
TOffeeAM has secured £5m in a Series A funding round co-led by Presidio Ventures and East Innovate. The financing drew participation from existing backer IQ Capital, alongside Exor Seed, Type One Ventures, Excellis, and angel investors.
The capital will be directed towards international expansion, with a particular emphasis on markets in the United States and East Asia, while keeping its headquarters based in the UK.
The company applies artificial intelligence to streamline and enhance engineering design for major industrial clients, including aerospace manufacturers and motorsport teams. Its software aims to deliver lighter, more efficient components that support industrial decarbonisation efforts.
From the founder
"We are delighted to have received this investment from our funding partners, both new and old. This funding will give TOffeeAM the opportunity to scale globally and continue to help businesses across numerous industries to design innovative products."
Francesco Montomoli
CEO at TOffeeAM
Investor perspective
"We are delighted to co-lead this investment alongside Presidio Ventures and to support TOffeeAM’s internationally recognised team as they begin the next stage of their growth journey. Looking for solutions to help businesses across all industries achieve net-zero is vital if we are to protect our planet for future generations."
Rory Scott Russell
investor, East Innovate
Use of funds
- 01Expand into international markets
Investors
Presidio Ventures
Rory Scott Russell
East Innovate
Daniel Carew
IQ Capital
Exor Seed
Type One Ventures
Excellis