The oversubscribed round was co-led by ADA Ventures and Slingshot Ventures to support the development of remote dental care technology.
"From first hand experience as dentists, we’ve seen patients have to overcome many hurdles in servicing their oral health needs. We are developing proprietary AI and Image Recognition technology to empower patients. With so many dental diseases preventable we are pioneering a new way for patients to uptake dental treatments and see a dentist on demand through amazing technology."
The Brighton-based insurtech secured its first external investment from Haatch Ventures to expand its artificial intelligence technology.
"We are known entities as a team, we were part of the founding team of INSHUR. I have been working behind the scenes on investment and go-to-market strategy since the start of the year. I have been impressed with the technical development and pleased to be bringing to market a genuine AI innovation. Not only does the product deliver profit and performance gains for the insurer, it delivers fair value for the end customer."
Tomahawk and Ascension led the pre-seed round, with backing from Haatch and NBS Ventures, to support the growth of the social lending platform.
"We’re on a mission to personalise credit scoring and create a fairer way to assess creditworthiness. By making smarter lending decisions based on a person’s actual behaviour and current financial position, we will be giving financial independence to millions of people currently excluded from life-changing loans. I’m one of the ‘13 million’ and I have a deeply personal experience with the blunt instrument that is our current outdated and odious credit scoring system. This investment is a big step towards creating a world where everyone is treated fairly and can access affordable finance."
Haatch Ventures and NorthInvest led the seed round to support international expansion and product development.
"We’re thrilled to be backing such an ambitious team committed to making the switch to electric vehicles much easier and a more sustainable future for all. Diode is uniquely placed to fill a growing gap in the market and has the potential to disrupt the industry across the UK and the rest of the world."
The Series A round was led by Haatch Ventures to support headcount growth and international expansion.
"Homecare is in need of modernisation globally and technology is helping to revolutionise the way it is provided for agencies, carers and their clients. Recent research by Age UK reveals that the number of over 75s is set to double in the UK and 30% of elderly patients needing care will not get a bed in a care home. Carers are the backbone of homecare and the pandemic has shown how integral they are to keeping families and clients connected. I’m excited about the innovation coming to the homecare sector and proud to be a part of it, in the UK and internationally."
