Pembroke VCT plc is a venture capital trust established in 2013 and managed by Pembroke Investment Managers LLP, investing in growth stage companies across consumer, business services, and technology sectors.
The Series A round was led by EdenBase to accelerate technology development for acquiring banks and drive international expansion.
"Acquiring banks and most businesses were built for the one-to-one transactions of Commerce 1.0. However, in the era of Commerce 2.0, where transactions within a single marketplace involve numerous parties, financial institutions are struggling to deliver payment operations that meet the evolving needs of their customers. As a result, they’re unable to compete with the likes of Stripe Connect and Adyen whose solutions currently dominate the payments ecosystem despite high fees, complicated integrations, poor support, and prolonged payment wait times. At Ryft, we have the technology that allows acquiring banks to overcome these hurdles and we’re actively exploring several strategic partnerships to solve this issue in the payments industry."
The accessibility technology company raised the capital to expand into aviation and international markets.
"This significant investment marks a key moment in the growth and history of Transreport and is a huge vote of confidence and trust from our investors, Puma Private Equity and Pembroke VCT, in our vision and ability to execute on our strategic plans. These funds will accelerate our expansion into the aviation sector and continue supporting our entry into the Japanese market in partnership with Hankyu Corporation, Japan’s world-leading railway operator and most importantly provide a better experience for disabled and older people."
The financing round was led by Pembroke VCT and Downing Healthcare Ventures to support the company in scaling its AI surgical technology.
"Cydar Medical is at a key inflection point and we are working to leverage our novel world-class platform and capabilities to rapidly scale our intelligent surgical maps offering through increasing the number of end-users and launching additional value-add capabilities on the platform."
Pembroke VCT led the £2.5m financing round with support from existing backers Haatch Ventures and Brick Capital Ventures.
"Auddy offers a unique and exciting prospect to businesses looking to use audio as a core part of their communications toolset and is poised to take advantage of surging growth in the podcasting sector over the coming years. We look forward to working closely with Andrew and his brilliant team to help Auddy achieve its ambitions in the years ahead."
Pembroke VCT and Eppes Creek Ventures backed the latest financing round for the event planning software provider.
"It’s an enormous endorsement to have Pembroke and Eppes Creek invest again based on what they’ve seen in the nine months since their first investment,"
