The Series A round included a crowdfunding tranche on Seedrs that finished 132% oversubscribed.
"I’m delighted with the interest shown in our Series A round, the momentum with which we have achieved our target amount and the investor interest in our crowdfunding campaign. It is especially encouraging that a number of our own customers have continued to show faith in us as a company by both participating in the crowdfunding and in the private portion of the round. We now aim to accelerate our growth to new markets, with new products and into new customer segments in the next 24 months."
Workhorse has raised £391k through a Seedrs crowdfunding campaign to expand its software offering for small businesses.
"Intelligent approaches to cloud software for SMEs have huge potential in the UK market and beyond. Not only are there huge swathes of industry that are yet to capitalise on the benefits, 94% of businesses are cited as struggling with the apps and software they are already using. Workhorse’s exceptional flexibility and deep customisation is unlike existing solutions and extremely well-placed to solve these business problems across multiple sectors."
The retail automation platform has secured funding led by Octopus Investments to accelerate its international growth.
"I’m passionate about building a global tech company from our home here in Wales. We’re the first Welsh company to raise a growth investment of this size, and it’s fantastic to be working with Octopus – one of the most well-regarded investment firms in London. With the High Street facing increasing challenges day-by-day, retailers selling omnichannel have an opportunity to grow at an astonishing rate and Veeqo can help them achieve that goal."
The home energy start-up surpassed its £500k target with backing from over 500 investors.
"From the funding from BEIS and Innovate, to being shortlisted for the World’s Best Energy Challenger Brand at CHARGE, 2018 was a fantastic year for Igloo, capped off by the success of this Seedrs round."
