The investment round was led by Blackfinch Ventures and will support international expansion.
"Even before the cost-of-living crisis hit, public transport outside of big cities was broken – expensive, unreliable, or simply not there for people who need it. Almost 5,000 bus services – more than one in four – were axed between 2012 and 2022. Many that remain, especially outside cities and large towns, are under threat from the recent end of the Bus Recovery Grant. Too many people are left with a stark choice – car ownership, which is itself increasingly prohibitively expensive, or simply not working. That’s not right – it’s not good for individuals and their families, and their social mobility and mental health, or for communities more broadly, and it’s not good for the economy."
The investment will be used to enhance product capabilities and expand the team following a period of strong turnover growth.
"Proprli has a strong founding team in Boudewijn, Coen and David, all of whom bring a wealth of expertise and industry insight to their roles. As a result, the platform is well equipped to address the existing and future needs of the real estate market including the increased emphasis on meeting net zero carbon emissions targets."
Praetura Ventures and Blackfinch Ventures led the £4m investment round to support software development and team growth.
"The staffing crisis in the service sector is a real issue for the growth of the UK economy. At Placed, we are incredibly proud to be at the forefront of driving innovation to support these industries, and we have seen immense demand for our business in the last 18 months."
Blackfinch Ventures and 1818 Venture Capital back the travel card fintech as cardholder numbers grow.
"We were hugely impressed by the drive and ambition of the Currensea team, who have created the UK’s first direct debit travel card. It is exciting to be backing such a forward-thinking firm. The Currensea team has already built an impressive business and we’re delighted to be supporting their growth ambitions."