The London data science firm has secured a £15.2m Series B investment led by Oxx alongside AlbionVC.
"At PepsiCo, Trendscope has been instrumental in the development of new products and staying ahead of mainstream consumer preferences by monitoring data from Twitter, Reddit, and other online sources. During the pandemic, for example, we saw an increase in conversations and posts about seltzer makers and new flavours in lieu of consumers being able to consume their favourite beverages out of the home. This insight helped PepsiCo prioritise and fast-track the development of new products like Bubly Drops to take advantage of this growing territory."
Susquehanna Growth Equity led the Series B round, which will fund international expansion and infrastructure upgrades.
"Our progress in the last few years left us inundated with interest from investors for our Series B fundraise. We chose to work with Susquehanna Growth Equity because they have a fantastic global footprint and a history of supporting significant growth in software businesses. The team is smart and ambitious but also pragmatic which is critical in this environment. The patient capital will enable us to double down on our vision to close the gap between humanity and machines, which is incredibly exciting. The Speechmatics team is hugely ambitious. We have a real heritage in speech technology combined with some of the world’s most talented speech and machine learning experts. We cannot wait to accelerate our growth and unlock the understanding of more and more voices."
Evolution Equity Partners led the seed round with backing from AlbionVC, Cambridge Enterprise, and Mastercard.
"We are thrilled to be working with a group of investors that share our view that the world is rapidly entering into a period of regulatory uncertainty, requiring interoperable content to power the next generation of regulatory applications for the digital economy,"
The funding extension will support team growth, venue connectivity, and new product development.
"As banks and asset managers focus on automating trading workflows to deliver increased efficiency, TransFICC’s ‘One API’ has been implemented at some of the largest Fixed Income trading banks and Exchanges,"
The Series A round was co-led by Stage 2 Capital and AlbionVC to expand technical capabilities and international reach.
"Relocating is a messy amalgamation of 20-30 different processes that create a super stressful process during what should be one of the most exciting moments in someone’s life. There are support packages on the market to streamline relocation but these are often inflexible and expensive, costing companies thousands of pounds, and usually only available for those at the top of the company. By bringing all the processes into one platform, with great support at accessible price points, we help both the relocating employee with their move but also their employer provide a high value employee benefit."
