True Ventures is a Silicon Valley venture capital firm investing in early-stage technology startups.
Portfolio
3
companies
AUM
£3800M
under management
Basecamp Research
Basecamp Research uses artificial intelligence to explore beyond known biology and solve life science challenges.
AccessPay
AccessPay provides bank integration and treasury automation software for corporate finance teams.
Wefarm
Wefarm runs a connectivity and marketplace platform for small-scale farmers worldwide.
Rohit Sharma
partner
Phil Black
Co-founder
Singular led the Series B round, which will help fund data collection and foundational model development.
"We are pushing past AI’s limits in biological design by doubling down on solving the fundamental data gap that the entire biotech industry faces, Basecamp Research is using its technology to generate new and deeper insights, going beyond known biology and each day expand what we can offer to our partners in the biopharma ecosystem."
The Manchester fintech raised £18.9m in a round backed by True Ventures, Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea.
"AccessPay simplifies corporate and institutional banking processes by streamlining all bank and finance apps into a shared interface. This astute merging of automation, fintech, and tooling that improves processes for a massive market is what drew us to invest in this team since its seed investment, and we continue to feel excitement for the company’s next phase of growth and expansion."
Systemiq Ventures led the Series A round to support team expansion and product development.
"At Basecamp, we know the answers to our greatest challenges can be uncovered in our environment,"
The financing will accelerate the development of the company's digital forum and marketplace for small-scale farmers.
"Wefarm is building the definitive platform and network for the world's biggest vertical,"
Beringea led the £9m investment to help the Manchester-based company expand its engineering and sales teams.
"The world of banking and financial management has changed and continues to do so at pace. Legislation, customer demand and rapid advances in technology, mean the choice of banking and financial services providers available to finance and treasury teams, especially those looking to transform their operations, is greater than ever before."
