Episode 1 is a venture capital fund formed by experienced entrepreneurs and operators that invests in early stage business to business software companies.
The seed round was backed by Episode 1 Ventures, MMC Ventures and Seedcamp to support team expansion and product development.
"We are excited to be partnering with leading venture capital firms to create the placing experience the reinsurance community has dreamt of for decades. Paired with Riskbook's win-win-win philosophy, this new funding cements our role as a trusted independent provider to cedents, brokers and reinsurers alike."
Playfair Capital and Episode 1 co-led the seed financing to help the company scale its compliance platform across 80 markets.
"Remote work is one of the great equalisers of our time,"
The Y Combinator alumni have raised £1.8m from Episode 1, Seedcamp, 7percent Ventures, Y Combinator, and Kima Ventures.
"We’re building an open source database for time series data, and time series databases are a multi-billion-dollar market because they’re central for financial services, IoT and other enterprise applications. And we basically make it easy to handle explosive amounts of data, and to reduce infrastructure costs massively,"
The seed round was led by Episode 1 to support the company in developing its fulfilment service.
"We started experimenting with selling online to see what problems sellers face and it was amazing how quickly it became obvious to us that this was the major one. Quite literally, no fulfilment service would touch us until we could guarantee high volume sales."
Episode 1 led the seed round to support technology development and expand the manufacturer marketplace.
"Current sourcing methods aren't fit for brands of the future; they're offline, inefficient and fragmented. Technology is needed for global supply chains to progress and become faster, more efficient and more sustainable. At SupplyCompass we see the key to success lying in rethinking existing sourcing methods, with better collaboration, innovation and technology at the core. Our vision is to help fashion and interior brands make products that don't have to cost the earth, and this funding from investors Episode 1 will help us to do just that."
