The healthcare artificial intelligence startup raised the capital from backers including MMC Ventures, Seedcamp, and Bayer G4A to scale operations globally.
"The inability of today's computers to understand doctors' unique way of writing has been a major issue. Doctors can correctly describe an 'infiltrating mass' without writing the word 'tumor' or write 'bilateral ground glass peripheral opacity' without explicitly indicating a suspicion for COVID-19"
Union Square Ventures led the Series A round to support product development and international growth.
"Contract management systems are invariably designed by lawyers for lawyers. We’re rebuilding contracts for the end user. We’re delighted to partner with USV as we execute on our vision to transform legal contracts into dynamic, modular agreements that reflect and empower business relationships. It’s great to see so many businesses supporting this approach and joining our community."
The funding round was led by Forward Partners with participation from Seedcamp and prominent angel investors.
"When I moved to the UK from the USA my credit history did not come with me. This made getting a credit card or loan difficult, if not impossible. I realised this is a problem that affected millions of people who are new to the country, but also people who have not built a credit history in the UK more generally. Koyo was built to give people who have historically been taken advantage of, an opportunity to access credit at a competitive rate and build credit history. The opportunity is further evidenced by a seasoned management team which includes Kevin Allen (former CRO of RateSetter) and Guy Evans (former CTO of LendInvest)."