London Stock Exchange Group and other major backers join Series B round to support international growth and technology development.
"The COVID-19 pandemic demonstrated the effectiveness of the public markets, with companies recapitalising quickly and efficiently. Our technology has allowed thousands of retail investors to participate on equal terms with institutional investors, unlocking a large and important source of liquidity and long-term share ownership for corporate issuers. The response from Boards and their advisers to our solution has been excellent: they recognise our digital solution for retail inclusion brings together both good governance and best execution."
The London startup secured backing from Pentech and Speedinvest to drive the development of its neural image compression software.
"As humans, our eyes have evolved to care about certain colours and properties of the natural world. It helped us survive as hunters and gathers. We are more sensitive to the colour green as it represents fertile areas with food and water; we notice the slightest of movements in still scenes, as this helps us flee from sneaking predators."
Pentech and Outward VC led the Series A round, which will fund sales growth and IT development.
"We are on a mission to democratise public equity offerings. Everyday investors are a vital part of the stock market and yet unable to buy discounted share deals – a longstanding imbalance in the public markets. This is true whether it is a government selling down its holding in a large company or a quoted company is raising growth capital. Our online platform addresses this challenge, giving small investors the same access as traditionally afforded to large institutional investors. We are grateful for the backing of our lead investors as well as our other institutional and angel investors. With their support we are confident of executing our vision quickly and efficiently."
Pentech Ventures led the round with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst.
"Our goal is to accelerate product development, from race cars to spaceships and everything in between. We believe that traditional engineering will soon change dramatically. Our dream is to work alongside engineers to enable them to bring exponential growth to product development. We are building the world’s first AI Platform for Engineers – we like to describe it as the J.A.R.V.I.S. in Iron Man."
