Hoxton Ventures led the seed financing round for the London-based software developer.
"Cadent is dedicated to leading the gas industry in the UK and globally in managing gas escapes more effectively. Our focus is on ensuring safety, reliability, and efficiency for the ultimate benefit of our customers. Cogna’s rapid delivery of innovative software solutions, are proving to be key to this approach. Their technology will enable us to respond more quickly and effectively, marking a pivotal shift in our operations. We see this approach as the future of the industry, where speed, efficiency and performance for customers are paramount."
Morgan Stanley Expansion Capital led the Series C round, which will fund international expansion and product development.
"Despite one of the toughest fundraising environments for tech companies in the recent past, this funding round was significantly oversubscribed. Vortexa has doubled its valuation since its Series B funding round in 2021 and, having grown three times faster than the median SaaS business over the last year, is near profitability with an immense untapped market opportunity ahead. It is truly a privilege to partner with Morgan Stanley Expansion Capital. We have been extremely impressed with the caliber of the team, who saw past the complexity of the industries Vortexa serves and recognized our unique opportunity to create value and impact globally. I am excited to work with the Expansion Capital team to build the future of the company."
Concept Ventures led the pre seed financing round to support the artificial intelligence platform.
"HR and People teams are responsible for so many vital things – from culture to compensation. But too many colleagues see them as just a route to key information, like their payslips and P60s. This means HR teams are drowning in fiddly, low-value admin tasks. Harriet AI is freeing them from this burden; allowing HR teams to focus on their real purpose and show how valuable their role in a company really is."
The pre-seed round was backed by investors including firstminute capital and Tuesday VC.
"Building my first startup straight out of university and scaling it to a team of over 500, I knew we had to become an effective learning organization. Yet I couldn’t find a simple way to equip our teams with the learning opportunities they needed to continuously grow their skills, learn more, and move faster."
The seed round was led by Wing VC with participation from Notion Capital, Seedcamp, Connect Ventures, and Tiny VC.
"The companies that win big in the next decade will be those that proactively build closer, more authentic relationships with their user community. Outverse will offer companies a complete ecosystem for staying close to their customers, enabling a new generation of iconic products and businesses to emerge."
