The strategic investment round was co-led by Velocity Capital and Frumtak Ventures to drive the development of sustainable financial tools.
"We are extremely pleased with the continued backing from our investors and strategic customers. The new capital will be instrumental in helping us accelerate our expansion into sustainable finance management. We are already working with banks across the world helping them accelerate their green-banking strategies with our Carbon Insight solution. Our Carbon Insight solution is going live with banks in 4 different countries during 1H 2021 and the demand is accelerating."
The seed round was led by Dan Smyth to support geographic expansion and technological development.
"This is a really exciting time for Haystack. This funding will allow us to continue the incredible growth we’ve seen since we officially launched in November 2020"
The funding round was backed by the Midlands Engine Investment Fund and matched by the UK Future Fund.
"We are very grateful to our existing investors for their continued support and to the UK Future Fund for providing matched funding. The funds received will enable Linear Diagnostics to develop a prototype single use cartridge and reader for our duplex test for chlamydia and gonorrhoea."
