The seed round was led by Haatch with participation from specialist funds and private investors.
"At Bourn, we understand the vital role SMEs play in the UK economy. Our mission is to simplify cash flow management through innovative financial solutions, giving businesses the confidence to grow. This funding propels us closer to our vision of transforming SME finance across the UK."
Explorer Investments led the seed round to support product development and international growth.
"We are thrilled to announce the successful closing of our funding round. This investment will enable us to further develop our AI-powered insurance validation platform and empower contractors and recruitment companies to achieve seamless insurance compliance and to get their global suppliers and contractors covered instantly. Jove is at the forefront of changing the landscape of how insurance is being quoted and purchased globally. This has never been done before."
The seed round was led by Hambro Perks to support team expansion and commercial growth.
"Food companies are under increasing pressure from customers, investors and regulators to reduce their carbon emissions. This funding and recent Forbes 30 Under 30 recognition, give us the backing we need to expand our team, accelerate our growth, and ultimately give food companies everything they need to reduce emissions and achieve their net-zero targets. We’re delighted to welcome Hambro Perks and LOVE Ventures as investors, and Laura Noorani as a Board Director."
The fintech company has raised £2m from existing backers Thomson Reuters Ventures and Love Ventures to accelerate product development and commercial growth.
"We’re reinvesting in Detected because we have a strong belief in the company’s long-term potential. As customers, we have seen first-hand the impact the technology has, and we’re excited about the momentum that Detected has developed in the market."