Ada Ventures is an inclusive venture capital firm investing in overlooked founders and markets.
The Manchester based fintech secured the capital from backers including scout funds from a16z, Atomico, and Ada Ventures.
"We’re humbled by the calibre of investors who have chosen to back us at this pivotal stage of the journey. It’ss a testament to the clear need for our solution in the market, with many of our investors intimately familiar with the value of opening up Lombard lending. We look forward to using this raise to propel our vision forward"
The London-based virtual reality training platform secured £1.1m from Unconventional Ventures to drive product development and new market expansion.
"2024 is a transformational moment for MOONHUB. In the past few years, we’ve worked towards this moment, to become the recognised leader in immersive training, working with global brands that want to support their teams’ development through the use of exciting new technologies."
The pre-seed round was led by Manchester Angels to support the completion of the Child Labour Index and advance stewardship tools for investors.
"To be able to oversubscribe the funding round in the current economic conditions is a monumental achievement for HACE and a testament to the growing awareness of the scale of the child labour issue and the role that technology will play in sustainably eradicating it."
Antler, Ada Ventures, and NoBa Capital backed the pre-seed round, which will fund the UK rollout of the paid product.
"As a founder, I’ve always been learning new things – from low-code programming to UX/UI basics and project management, even if it’s something I’ve never done before. I truly believe in the power of continuous learning and self-improvement. Our project is here to help every team member learn new things and unlock new opportunities, no matter how you like to learn, what language you speak, or what generation you belong to."
The funding round was supported by existing backers Ada Ventures and Maersk alongside lenders HSBC and Blackrock.
"Despite a challenging fundraising environment, the latest investment round is a testament to the confidence our investors have in our long-term vision and strategy. Our team has worked incredibly hard over the last 12 months to maintain our growth trajectory despite a poor macro outlook for eCommerce, introducing new services, like introducing automation for Enterprise clients, to enhance our customers’ experience and sustain our mission to revolutionise, simplify and transform eCommerce fulfilment."
