Henley Business Angels led the seed round to support team expansion and UK regional growth.
"My team and I are very excited about the next stage for Placed and have big plans for 2020. We’re grateful for the support from our new investors and are pleased to welcome such experienced and influential shareholders to our extended Placed team."
"We have raised over £1.1m from almost 1,900 investors, making us the biggest crowdfunded business with the most amount of investors, ever. Having 1,900 members in our swine dining club will enable us to catapult our three year plan to take the business to over £20m turnover building on more new lines in the supermarkets and in the trade. The team and I are completely overwhelmed by the success of the campaign and motivations across the business are extremely high. Very exciting times ahead!"
The initial investment from Henley Business Angels will support sales and product development.
"Lord Baker and the team are thrilled to have received this strong vote of confidence at the beginning of the fundraise. It will enable us to build out the platform and help thousands more students connect with top employers from an early age, helping transform futures and solve the STEM skills shortage."
The funding round includes backing from a Henley Business Angels member.
"We are extremely grateful for the support from Henley Business Angels at this stage of our development. The potential market for our QRNG technology could be trillions of connected devices given the need for portable, cost efficient, fast and robust hardware security that does not currently exist in the market today. This need will only become more pronounced with the emergence of 5G and further proliferation of IoT connected devices – driven by what we call the need for hardware security by default."
"We are using the funds to drive the growth of the business, including the growth of the team, product development and marketing activity. We closed 2018 with a total invoice value of £716k, an increase of 102% on 2017, and for 2019 we are aiming to double our team and hit an ambitious £2m invoice target."