Funding News – 25 June

by | Jun 25, 2021

$14.5 million Series A for London mapping startup

London mapping startup WhereIsMyTransport has raised $14.5 million in Series A Extension to accelerate its mobility data and product offering in emerging-market megacities, bringing the funding round to a $22 million. The funding was led by Samsung Ventures, Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI Investment.


CEO and co-founder Devin de Vries comments: “Our initial round gave us the leverage we needed to enter new markets, and to broaden our reach. Securing additional funding now, as cities experience unparalleled changes to their mobility landscapes, is testament to the many opportunities that we create by producing accurate and reliable public transport data, and to our market-leading position. More than ever, citizens and businesses in emerging markets need a central source of mobility data they can trust.”

Dublin based Kastus raises €5.65M 

Kastus which develops Antiviral coating technologies has announced the completion of a €5.65M Series A round of financing.  John Browne, Founder & CEO of Kastus, said:  “We are grateful to the team at Alpha Ascent for their vision and commitment to drive success for Kastus. We are seeing rapid acceleration in demand for our unique 24/7 surface coating technology, which is ISO proven to kill 99%+ of harmful bacteria and viruses including human coronavirus. Our team is delighted to currently be partnering with such powerful global brands as Lenovo, Lavazza Pro and Kone, and we are excited that this new funding round will enable us to accelerate and realise our full potential.”  

Members Club For Health & Wellness Professionals raises $3m

Until, the world’s first members club and workspace for personal trainers, coaches and treatment professionals, has raised $3m as part of its initial fundraise. Launching first in London and working with Soho Estates, the first Until site will be in the new Ilona Rose House, moments from Tottenham Court Road Station.

“We have found that often health and wellbeing professionals are great at serving their Clients, but all the tasks that go into running a business —marketing, accounting, business admin—that’s often the bit that they struggle with. Over time, we will take that work off their plates, so they can focus on what they’re brilliant at: transforming bodies, minds and lives” says Alex Pellew one of the Co-Founders.

Foundries.io Raises $8M Series A Funding to Secure the Internet of Things

Foundries.io which makes cloud develops and deployment solutions for secure IoT and Edge devices has raised $8M in Series A funding, led by IQ Capital, with participation from Crane Venture Partners and Backed VC. 

“The industry needs a new cloud DevOps approach to IoT that’s built from the ground up to reinvent how software is developed and deployed. At Foundries.io, our team’s deep expertise and experience has helped us to reinvent how devices are secured and managed. We believe the latest software is always the most secure and most trusted, so we have created the FoundriesFactory platform to deliver to the embedded industry an easy to use cloud-native solution for secure open source-based software development and management” said George Grey, CEO of Foundries.io.

SearchSmartly raises £1.25million investment

SearchSmartly, a smart match-making property search platform that provides hyper-personalised property searches, has raised £1.25million seed investment to fuel its mission to redefine the relocation experience. This investment included leading investors in property and tech including Matt Cooper, founder of Carwow James Hind, serial proptech investor Antony Senny, Founders Factory and IFG.VC.

Taha Dar, founder and CEO of SearchSmartly, said; “The search for the ideal home is no longer reliant on the preconceived notion of location being everything. People’s priorities have shifted to lifestyle needs and the market is not yet accounting for this. Thanks to our unique technology we are flipping the traditional property search process on its head: by considering our users’ budget, commute, and location requirements, we help our users uncover the homes and neighbourhoods that are going to be the right fit for their needs. We are focussed on using the benefits of AI technology and data to push our matchmaking capabilities even further, to help uncover the hidden data that renters and buyers care a lot about.”

Uberall raises $115M and signs agreement to acquire MomentFeed

Uberall which specialises in ‘Near Me’ Marketing SaaS solutions has received a capital investment of $115 million led by Bregal Milestone, Level Equity, United Internet and Uberall management, which will be deployed to accelerate growth in the U.S. and Canada. As part of its growth strategy, Uberall is simultaneously announcing it has signed a definitive agreement to acquire MomentFeed.

“As we saw the market trending towards consolidation, we considered several potential companies to merge with. Uberall was by far our most preferred,” said MomentFeed CEO Nick Hedges. “This combination makes enormous strategic sense for our customers, who represent the who’s-who of leading U.S. omnichannel brands. It helps accelerate our already rapid pace of innovation, giving customers an even greater edge in the hyper-competitive world of ’Near Me’ Marketing.”

CyberSmart raises $10 million Series A Funding

CyberSmart, a UK based specialist in simple and accessible automated cybersecurity technology for SMEs, has announced the completion of a successful Series A funding round, with a total of over $10 million raised.

“The amount of support we have received thus far is humbling, and just goes to show the gap there is in the market for our offering. Cybersecurity solutions are often tailored to large enterprises with extensive teams and resources, whilst SMEs are left behind. With the help of our investors, we are challenging this mentality,” said Jamie Akhtar, CEO and co-founder of CyberSmart. “Staying true to our mission of empowering SMEs to tackle cybersecurity is paramount. As such, despite the overwhelming interest we received from investors, we have been selective in determining who comes aboard as we define this new category for ourselves.”

Lansweeper secures €130 million investment from Insight Partners

Belgium based Lansweeper a provider of IT Asset Management (ITAM) 2.0 solutions has closed a €130 million minority investment by Insight Partners.

Wayne Williams, Chairman at Lansweeper commented, “With Insight Partners joining the Board, this is a recognition of our results and success, but also another major step towards the evolution of IT Asset Management – ITAM 2.0. Our mission is to empower IT Managers with reliable asset data and key insights so they can better manage, secure and continuously optimize their IT Estate, a fundamental element for the digital transformation facing us in the next decade and beyond.”

UK Caretech company gets cash award from Google’s $2m fund 

Axela Innovations, part of a group of care companies based in the South East of England, is one of 30 startup black founder businesses across Europe to be awarded with a cash award from Google from a $2m pot. 

Nicholas Kelly, co-founder of Axela comments, “I’ve personally experienced the difficulty in securing funding as a Black founder, so I’m really pleased that Axela has been chosen to receive a cash award from Google, alongside many other brilliant businesses. Ours will go towards supporting and growing our team and the Cloud credits will be used to focus on building out our machine learning capabilities.” 

Checkout.com Acquires Estonian Software Development Firm, Icefire

Checkout.com has annoucned its largest acquisition to date, buying Estonian software development firm, Icefire. The Tallinn office becomes Checkout.com’s second-largest engineering hub, after its headquarters in London, UK.

Ott Kaukver, Chief Technology Officer at Checkout.com, said, “Icefire has an outstanding track record of building complex, modular financial systems over the past 18 years. Their proven experience is complementary to what we are building at Checkout.com, to empower the enterprises with better payments.” 

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