The seed round was led by Eka Ventures to support technology development and platform expansion.
"If you’ve ever bought a house in the UK, you’ll know exactly how painful the conveyancing process can be. Something that should take a matter of days can drag on for months, leaving you unsure when – or even if – you’ll get the keys to your new home. These delays are completely avoidable. We built Conveyd to remove unnecessary back-and-forth, so home buyers get complete purchases in weeks rather than months – in a way that doesn’t make them want to tear their own hair out."
MTech Capital led the seed round with participation from Boost Capital Partners, D2 Fund, and Portfolio Ventures.
"In regulated industries, quality and scale have always been at odds. You can review everything and go broke, or cut corners and hope for the best. AI that actually works changes that equation by handling routine validation at scale while humans focus on the complex cases that need expert judgement."
The funding round includes a strategic minority investment from NatWest Group alongside other backers.
"2025 has been a year of validation, proving that SMEs and their funding partners need a more modern, data-driven approach to working capital. This investment round is a huge vote of confidence. It shows that established banks see the same opportunity we do: to bring liquidity closer to the point of need and help businesses fund growth more dynamically. Our goal is to reinvent the business overdraft for SMEs. When working capital flows easily, businesses invest, hire, and grow. That’s how we make finance work for the real economy again."
The pre-seed round was led by Outward VC and will support team expansion and international growth.
"Strategic procurement is one of the last frontiers for true automation because so much of it remains powered by intuition. Throughout my previous roles, I saw just how much instinct drives results, but also how much time is wasted and how much value is being left on the table because instinct alone can only go so far. Our goal at Monq isn’t to replace that judgment but to amplify it. By empowering procurement teams with strong, actionable, data-driven and intelligent insights, we’re giving enterprises the speed, clarity and confidence to negotiate at an entirely new scale while unlocking billions in hidden deal flow, value and efficiency before that value is lost to the company."
