The financing will accelerate the growth of the MARCO platform and its supply chain tracking capabilities.
"The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition – our no-code / low-code platform, MARCO."
Wealth Club led the EIS funding round with participation from existing investor Blackfinch Ventures.
"I’m delighted to welcome Wealth Club as a shareholder at this really exciting time in our growth trajectory. We’re already starting to see the profound impact we’re having on safety and efficiency in the rail industry through the implementation of our geofencing technology. With Wealth Club on board, I’m excited to increase this impact and together, work towards our mission of putting an end to preventable fatalities in heavy industries."
The financing round was led by EMV Capital alongside Wealth Club and Adjuvo to support expansion in the UK, Europe and the US.
"We are pleased to see Q-Bot close out this important fundraising. The company continues to make strong progress in scaling sales with its innovative use of robotics and artificial intelligence in the Construction Technology industry, and in particular in the retrofit home insulation market. We look forward to seeing its continued success as it scales beyond the UK market, with a focus on market entry in the US and EU."
The RegTech platform secured the oversubscribed funding under the Enterprise Investment Scheme.
"Kore is an exceptionally promising company. Its technology has become 'mission critical' to financial institutions dealing with regulatory change and the company is managed by highly experienced industry leaders who collectively have deep relationships with many leading banks, insurance companies and wealth managers. Sabrina’s vision and insight, combined with impeccable timing, has propelled Kore towards rapid adoption and a fast-growing stream of recurring revenues. A great example of a commercially compelling EIS investment capable of delivering outstanding returns. Wealth Club members were quick to see Kore’s huge potential, as were we."
The funding round includes backing from Wealth Club and 1818 Venture Capital, alongside follow-on support from Blackfinch Ventures.
"This latest round of investment truly shows our desire to push on ahead and establish WMC as the market leader in the competitive intelligence marketplace."
