Fuel is a venture capital firm that invests in ambitious entrepreneurs building market leading companies.
The oversubscribed round was led by Fuel Ventures with participation from multiple VCs and angel networks.
"Robotics automation has become a must for businesses that want to stay competitive in the logistics and manufacturing industries, however, it is still something that only large companies are able to afford. We are changing that and, thanks to our tech, we plan to bring the advantages of robotics automation to many SMEs across Europe in the next couple of years."
Haymarket Ventures leads the pre-seed round alongside Fuel Ventures and 1in100 Ventures to support the startup's official market launch.
"Playe is exactly the kind of purpose-driven, innovative startups Haymarket Ventures wants to work with. Having seen the impressive results ourselves, as a customer of the platform, it was an easy decision to invest in them."
The funding round was led by business angel Eamon Tuhami alongside Fuel Ventures and matched by the Development Bank of Wales.
"From Pakistan to Dubai then Poland to Cardiff, this has been a three year journey that started in my home garage fondly known as the ‘Gar-Office’."
The pre-seed round was led by Fuel Ventures with participation from Oracle VC and angel investors.
"My vision is to significantly improve the home moving process and this funding round is a major step towards achieving that goal. As an ex estate agent, I have witnessed firsthand the issues that can arise in the industry due to poor practices, which can lead to consumers feeling sceptical and negative towards the entire sector."
Fuel Ventures led the seed round for the proptech start-up, which will use the capital for team expansion and product launch.
"property lawyers are in tight supply, and many law firms are reluctantly turning away business because they are struggling to recruit new talent. As a result, some law firms are looking at ways to use technology to increase their capacity whilst improving service. By supplying this data instantly, and in a more meaningful format than ever before, we are enabling, for some law firms, a 40% increase in capacity."
