The pre-seed round was led by TechStart Ventures and Ascension Ventures to fuel international expansion and product development.
"The support we have received through local programmes has been fundamental in our success; from being able to tap into expertise to first-class networking opportunities.farmdrive was started on my own family farm to make everyday life easier for cattle farmers. We’re incredibly proud to see it being loved and trusted by thousands of farmers across the UK and Ireland. This £1m investment lets us take our practical vision worldwide – giving farmers better data in their pocket and giving meat processors and retailers the transparency they need – from farm to shelf."
The oversubscribed round was backed by Ascension alongside a syndicate of parcel delivery executives and industry experts.
"The era of scaling a parcel delivery operation by throwing people at the problem is over. Manual labour is a tax on every parcel you ship. We are building the autonomous workforce for the future of parcel delivery, where networks run on intelligence, not headcount. This funding from leaders who have lived this pain is the ultimate confirmation of the industry’s urgent need for this change."
The AI-native RegTech startup has secured pre-seed funding to accelerate product innovation, integrations, and team growth.
"While we’re not publicly disclosing specific figures, we’ve raised sufficient capital to execute the next phase of our growth. We’re investing in three core areas: product innovation (deepening our AI-native capabilities with richer regulatory intelligence and more automated workflows), ecosystem integrations (expanding our ability to connect seamlessly with existing financial systems and compliance tools), and team growth (hiring specialists in financial crime ops and AI to support our growing customer base and accelerate execution). Everything we do is focused on solving 95% of the problem that begins after an alert is triggered."
The investment round was led by Ascension with backing from Channel4Ventures, Velocity Capital, and TwoMagnolias.
"Sprive is set to have a huge positive impact on our customer’s finances, as our average user is already on track to slash three years off their mortgage term, collectively saving our users more than £100 million in interest alone. We’re proud to offer the fastest way to financial freedom for the homeowner and we’re determined to help as many as possible achieve it."
Boost Capital Partners led the seed round with participation from multiple European and American investors to fund product expansion.
"AI is transforming how people and businesses operate, and delegating work to AI is the future. Capably is leading this shift, and we’re excited to back them in redefining the way work gets done."
