The funding round was led by Vanneck EIS to support business growth and product development.
"Making the best decisions about how to use land is vital to addressing the climate and biodiversity crises, but is an increasingly complex challenge. With backing from Vanneck EIS and Octopus Ventures, our new tools will help landowners, investors, and public bodies combine data across science, economics, and regulation to see the potential of land and choose the right way forward."
The round was led by Octopus Ventures with participation from Seedcamp and Semantic to support app development and regulatory approval.
"Most retail investors have two options to build wealth: settle for passive portfolios or try to time the market and pick stocks and crypto themselves without access to the training, tools and information needed to do this effectively. This funding will allow us to build a modern app-based investment service that gives customers the same professional expertise that only high-net-worth individuals are used to. We’ve already got a stellar team in place, and we’re now excited to be working towards regulatory approval to launch over the coming months."
The London startup raised the capital from Octopus Ventures, MMC Ventures, Concept Ventures and several angel investors to expand its product suite and grow the team.
"This funding is a huge step forward for the Ribbon team. It enables us to grow the team, continue to expand our platform and streamline how product and user research is done. We want to empower companies to build great products by making it easy to make informed product decisions. Democratising access to product research through easy-to-use and powerful tooling plays an important part in that process."
Octopus Ventures led the Series B round, which will fund product development and international expansion.
"In a world in which volatility and complexity are increasing and the nature of work and talent are drastically changing, it is critical that organisations develop the capability and capacity to think and act differently when it comes to change and innovation"