BACKED is the human-centric seed VC fund that has supported over 120 entrepreneurs and 70 companies.
The seed round was led by EQT Ventures with backing from several prominent tech investors.
"Today, we are going after humanity-defining problems, and hardware engineering teams are the ones working on complex projects like the development of various clean technologies. I call this group of engineers ‘new age hardware engineering teams’."
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."
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."
The round was backed by Cornerstone Partners, Google, Backed VC, Impact X, and angel investors.
"From our first encounter, Cornerstone clearly understood the problem we’re solving and were already aware of our brand, which made a difference. We respect their commitment to our community and their focus on creating positive legacy."
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,"
