Octopus Ventures is a European venture capital firm that backs growing businesses.
The funding round was led by SBI Investment alongside Sony Innovation Fund by IGV and existing backers.
"The market’s appetite for open payments accelerated dramatically last year as more merchants and payment providers have tuned into the cost and efficiency gains that they offer,"
The investment concludes the company's Series A round and was backed by Octopus Ventures and Seraphim Capital.
"We’ve been talking about the potential of drones to radically transform all sorts of industries for a long time now, as the number of applications is huge, but for it to be viable, we need a system that can manage drones and, eventually, other types of unmanned air traffic at scale."
The financing round was led by Octopus Ventures with participation from MMC Ventures.
"Consumers wanting to shop sustainably should not have to compromise with higher prices or greater inconveniences. We’re really proud to be at the forefront of this technology-enabled disruption that is reshaping consumer behaviour and retail. Through the power of the sharing economy, Whirli has created a winning proposition for parents and for the planet, and we are delighted to welcome Octopus Ventures and MMC Ventures on our journey."
The financing round will secure the roadmap to the company's first orbital launch from Sutherland.
"Orbex is an impressive UK company which is developing a strongly differentiated and innovative launch solution for the rapidly-growing small satellite market. In Europe, they are a recognized leader with an experienced team, substantial institutional support, a growing customer list and patented technology. The private space sector remains a key future industry for both Scottish and UK governments and we’re very excited to be backing one of the most compelling examples of this evolving sector,"
The Series B round was led by Lakestar with participation from LocalGlobe, Atomico, GMG Ventures, and Octopus, and will fund platform development and headcount growth.
"Human reality is incredibly complex, and while technology has made progress in healthcare and pharmaceuticals, we’re still no closer to truly understanding the decisions that we make. Our behaviour is captured online and in the artificial reality of social media, but the near 80 percent of our lives that happens in the offline world, remains untapped,"
