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Backed

Backed

Venture Capital

BACKED is the human-centric seed VC fund that has supported over 120 entrepreneurs and 70 companies.

Portfolio

9

companies


Portfolio companies

Lopay

Lopay

Lopay offers low cost card payment processing and instant settlement for small businesses.

B

Borderless

Borderless builds workforce management software for the care sector.

Pillar

Pillar

Pillar builds a global credit platform to provide immigrants with cross-border access to financial services.

Thought Machine

Thought Machine

Thought Machine develops cloud native core banking technology for financial institutions.

Foundries.io

Foundries.io

Foundries.io provides a cloud-native platform for secure Internet of Things and Edge devices.

L

Legl

Legl provides a digital operating platform for law firms.

Harbr

Harbr

Harbr provides an enterprise data exchange platform that helps organisations share, manage, and monetise data securely.

Banked

Banked

Building a next-generation global payment network for consumers and merchants.

D

Dataseat

Dataseat provides a demand side platform that enables mobile app advertisers to handle programmatic media buying internally.


Team

AB

Alex Brunicki

General Partner

Alex is a founding partner at Backed and holds board roles across several companies including CoSyne Therapeutics, Ruka Hair, and FabricNano.

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Andre de Haes

Founder


Recent investments

Seed
£2.5M

Backed VC led the seed round to support the care workforce management platform.

"We met at Entrepreneur First, where we spent hundreds of hours with care providers who were turning down hundreds of thousands of pounds every year in contracts because they couldn’t find the staff they needed to service them. We realised this was partly because of the time and money they had to spend learning how to stay compliant, often working with expensive third party lawyers and recruiters. We saw how solving those high costs could positively impact the care industry – and that’s why we started Borderless."
— Matthew Bond, Co-Founder
Pre-Seed
£13.0M

The pre-seed round was co-led by Global Founders Capital and Backed VC to support the development of international credit infrastructure.

"As a result a data disparity exists that means people have to start again every time they move to another country. Our intention is to look at consumers based on their credit footprint globally, not on a country by country basis."
— Ashutosh Bhatt, CEO
Series C
£150M

Nyca Partners led the Series C round, which values the business at over $1bn and includes backing from several major global banks.

"We are delighted to have earned the support of our new and existing investors as we continue to move the world’s leading banks into the cloud. We set out to eradicate legacy technology from the industry and ensure that all banks deployed on Vault can succeed and deliver on their ambitions. These new funds will accelerate the delivery of Vault into banks around the world who wish to implement their future vision of financial services."
— Paul Taylor, Founder
Series A
£5.8M

The Series A round was led by IQ Capital with participation from Crane Venture Partners and Backed VC.

"The industry needs a new cloud DevOps approach to IoT that’s built from the ground up to reinvent how software is developed and deployed. At Foundries.io, our team’s deep expertise and experience has helped us to reinvent how devices are secured and managed. We believe the latest software is always the most secure and most trusted, so we have created the FoundriesFactory platform to deliver to the embedded industry an easy to use cloud-native solution for secure open source-based software development and management,"
— George Grey, CEO
Series A
£28.2M

Dawn Capital and Tiger Global Management co-led the round, which will fund team expansion.

"Despite significant investments in data-focused technologies and teams over the last decade, most enterprises are still unable to deliver targeted outcomes from data in a timely and scalable manner. The secure data sharing and collaboration capabilities of Harbr’s enterprise data exchange platform fast-track those outcomes,"
— Gary Butler, CEO and co-founder
Seed
£2.4M

The seed round was led by Force Over Mass with backing from Backed and Acrew Capital.

"The current payments systems used by credit card companies and most traditional banks were designed 40 years ago and have become archaic, not to mention costly and inefficient for businesses to use. It’s time we welcomed the future of payments and given the current state of the economy, businesses need this now more than ever."
— Brad Goodall, CEO
Seed
£1.8M

Play Ventures, Backed and SAATCHiNVEST backed the seed round to support the growth of the mobile advertising platform.

"We believe that democratising ad-buying is a massive opportunity, and that Dataseat is the best team to deliver this game-changer in performance marketing."
— Henric Suuronen, Founding Partner