Breed Reply is a pan-European venture investor operating a specialist internet of things fund.
Portfolio
2
companies
RazorSecure
RazorSecure delivers specialised cyber security detection platforms for the rail sector.
AppyParking
Kerbside management and mobility technology firm digitising parking for motorists and local authorities.
Breed Reply, Wentworth, Mainport Innovation Fund II, and Enterprise M3 backed the latest financing round.
"This funding will enable us to further develop our global presence and provide an enhanced level of protection to a growing number of customers in the rail industry. We have enjoyed both financial and strategic support from our investors and we will look to deliver significant value to them from this further investment."
Mainport Innovation Fund II, Wentworth Limited, and Breed Reply backed the Series A financing to support international expansion and team growth.
"2019 was a good year for RazorSecure as we secured great international customers and partners. With the strategic vision and investment of our investors, we aim to more than double the size of our team, and expand our international customer base. We want to take advantage of the incredible growth opportunities we see."
West Hill Capital led the Series A round with backing from Hyundai, Sumitomo, Aviva Ventures, and Breed Reply to fund international growth and product development.
"Across the world 'Smart City' projects are underway to develop autonomous vehicle and intelligent mobility solutions to help save our cities from grinding to a standstill. The challenge is real and technological innovation is racing ahead of the legacy infrastructure in place to manage a key piece of city real estate – the kerb. By empowering local authorities with the tools that help them better manage and open up their kerbside, we’re helping them to address key issues like congestion and air quality, whilst also laying the future foundations for truly sustainable intelligent mobility. It’s a real achievement for the whole team to secure this investment and I’m extremely excited to have Hyundai and Sumitomo on board to support our mission. Work is already underway to take our mission global as we aim to make the humble kerb work for everyone, and help cities thrive."
