The £6m Series B investment was backed by Gresham House Ventures and existing investor Mercia Asset Management.
"We have spent a long time looking at automation within professional and financial services. While the legal world has arguably been a late adopter of technology, firms are realising that automation is essential to driving both cost efficiency and resilience across distributed workforces. In Clarilis we have found an ambitious business with a market-leading solution and exceptional customer satisfaction as a result of its fully managed service. It exemplifies the type of technology-driven and scalable business model that our investment team look for. We’ve been impressed by the impact that Clarilis has already had in the market and as the business expands, particularly into the South East Asian market, we are excited to be bringing our experience to bear and to help facilitate its growth."
The funding round was led by Downing Ventures and Gresham House Ventures to accelerate the rollout of white label lending solutions for banks.
"We are delighted that Downing and Gresham House have joined us on our exciting journey to help reshape a sector that is rapidly adopting digital solutions using new data sources to enable the delivery of seamless, instant access to finance. This is creating the opportunity to provide small businesses with the same transparency and ease of access to finance that consumers have become accustomed to."
Channel 4 backs TravelLocal through its Commercial Growth Fund alongside existing investors Active Partners and Gresham House Ventures.
"We are in an exciting period of growth at TravelLocal and are delighted to have Channel 4 join us as an investor. Our new TV ad has delivered great success so far and we’re excited about expanding the campaign to gain maximum exposure for our unique tailor-made holiday offering. We strongly believe that booking bespoke holidays with our handpicked, trusted local partners delivers the best holiday experience for our clients, as well as being fairer to these hidden stars of our industry."
The funding round was led by Active Partners to support international expansion and market share growth.
"We are in an exciting period of growth at TravelLocal and are thrilled to have secured this additional investment from Gresham House Ventures, alongside Active Partners."
Gresham House Ventures has backed the decision-making automation platform to fund ongoing commercial expansion.
"Rainbird is thrilled to introduce Gresham House to how our automation platform paves the way for any organisation to case-effectively synthesize best-practice decision-making and make it available at scale. We believe people are an organisation’s most valuable resource and businesses that combine human expertise with Rainbird will gain a definitive competitive advantage."
