Global venture capital investor that has backed companies such as Magic and Wagestream.
The financing package includes equity and debt from backers including Original Capital and SoftBank Vision Fund 2.
"Sustainability and reducing costs are paramount concerns for our clients today. In the aftermath of Covid there has been a pincer movement of inflation and climate pressures on businesses, leading to widespread concern over the cost and carbon emissions of owning and operating commercial buildings,"
The London-based construction technology provider raised £14.9m from 2150, Northzone, and Kindred Capital.
"2150 is the ideal partner, and we are proud to have their backing,"
Northzone led the seed round to help the startup launch its compensation benchmarking platform and expand its team.
"We’ve experienced first hand how hard it is to hire and retain great teams and scale internationally. Getting compensation right from day one is crucial and it only gets harder the larger you become. When we were growing, we couldn’t find any reliable or real-time data to help us determine the right compensation for each person on our team. We lost great people, and missed out on key hires as a result. We’re surprised that no one has built a better solution to this problem yet"
The financing comprises equity led by Smash Capital and BlackRock alongside debt from Silicon Valley Bank.
"Financial exclusion and a rising cost of living have created severe financial stress for hard-working people around the world,"
The funding round was co-led by Northzone and LocalGlobe to support team growth and product development.
"For too long, credit cards have taken advantage of consumers. Hidden fees, discriminatory credit scoring, and rewards that belong in the 1990s, all in the interest of bank’s quarterly earnings,"
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