AI Seed is a London based venture capital firm that backed Sparkbox in an SEIS funding round.
Portfolio
4
companies
9fin
9fin provides a data and analytics platform for debt capital markets.
Purple Dot
Purple Dot provides waitlist and pre-order infrastructure for fashion retailers.
Rahko
Rahko builds quantum machine learning software for chemical simulation.
Sparkbox
Sparkbox offers cloud pricing software that helps retailers sell inventory more profitably.
Nick Slater
Nick is a partner at Twin Path Ventures, following roles as a principal at AI Seed and coaching positions at Conception X.
LinkedInSpark Capital led the Series A round, which will fund US expansion and team growth.
"Steven, Hussam and the 9fin team are updating an industry that desperately needs it. They’ve made so much progress out of their London office, we’re excited to see them take on the US and continue growing with new customers."
Connect Ventures led the seed round for the fashion fintech startup.
"When shopping online today, customers can either pay the retail price or walk away. When they do walk away, the item goes through the discounting process, becomes unprofitable for the merchant and is resigned to landfill. This binary system isn’t working for anyone – the customer loses out on the item, because it may go out of stock in their size before they attempt to purchase it again, and the merchant loses the sale. Purple Dot tackles this problem head on by providing a new way to shop, taking on unsustainable, unrelenting consumerism, poor pricing tactics and profit-crunching sales at the same time."
Southampton based Sparkbox has secured SEIS funding from London based AI Seed.
The seed round was led by Balderton Capital and will fund team expansion.
"Rahko is one of the top teams in the world working on a complex space at the very edge of science and computing. The application of discoveries within quantum has already been profound and impacted our fundamental understanding of the world around us. The pace and rate of change in this field over the past few years has been astonishing, and we feel incredibly lucky to be supporting this exceptional team as they continue to push the boundaries of what’s possible."
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