Funding Roundup – 14 May

by | May 14, 2021

PropTech Halo.rent Raises £1.25m

The company has raised a £1.25m pre-seed round from angel investors and the European Commission. The platform is now open to the public, following field testing with leading UK property managers. Halo.rent is a tenant engagement platform that enables agents and property managers to unify their services and partner offerings into one digital tenant experience. The technology layer aggregates all of the individual service providers into one platform.

“Today, tenant rental journeys are broken and frustrating due to fragmented and outdated software environments,” said Benas Baltramiejunas, co-founder and CBDO at Halo. “Our mission is to make renting a home seamless and fun! We’ve modernized the process, and we’re seeking to create a one-stop-shop for the 135m (and counting) renters in Europe.” 

Quantum Mechanics Startup Qnami Closes 4.0M CHF Series A round

 Qnami is a VC-backed high-tech company with its roots at the Physics Department of the University of Basel in Switzerland. It develops fundamental new technology using quantum mechanics. . The funds will support extension of Qnami’s patented quantum microscope technology into applications enabling the design and production of quantum computers and spintronics devices, plus scaling the launch of the Qnami ProteusQ, the first commercial Quantum Microscope.

Mathieu Munsch, Co-Founder and CEO of Qnami says, “we have gained good market traction with the launch of the ProteusQ and Quantilevers in the materials research setting. Top researchers already use Qnami’s technology to discover and describe the magnetic properties of new materials.”  

Supply-Chain Startup Zencargo Raises Series B

The digital freight forwarder and logistics service provide uses automation and machine learning to improve supply chain management. The company has raised €35M in its Series B round of funding led by Digital+ Partners with participation from existing investors including HV Capital.

CEO Alex Hersham says, “With global freight reliability so low as a result of the pandemic, Brexit, and even the Suez Canal delays, it’s more important than ever for businesses to make informed supply-chain decisions that will enable them to serve and satisfy their customers, and Zencargo is the perfect partner to help them do that.”

In the recent Suez Canal blockage case, Zencargo was able to create a live dashboard mapping its customers’ shipments with vessels that were affected by the blockage, then worked directly with affected customers to arrange mitigations and alternative plans.

Sports OTT Platform Recast Closes £5.9 Million Series A Raise

Recast, the UK based sports Over-The-Top (OTT) platform, has raised £5.9m in its Series A round of investment. The success of the round follows increased demand from rights holders looking for alternative ways to monetise their video content as consumption and payment patterns continue to evolve.

Recast CEO and founder Andy Meikle said: “The caliber of this investment group reflects the response from the rights holders around the world and Recast’s major potential, particularly as we’re just getting started. We’re often congratulated on how ‘disruptive’ our model is, but in our view the industry has already been disrupted and we’re providing a revolutionary solution.”

Contractbook Raises €24.7M Series B

The contract automation platform has closed its Series B round of funding led by Tiger Global. In addition, existing investors, including Bessemer Venture Partners, byFounders, and Gradient Ventures, also participated in this round. Contractbook is a document automation company that can create, sign, and store all your legal documents on a single digital platform. 

Contractbook’s Founder & CEO, Niels Martin Brochner explains, “99 per cent of the value from a contract comes post-signature, but this process has received almost no attention, until now. We are revolutionising the existing online contract signing tools of today by creating the contract management platform of tomorrow and showing people that simple PDFs are an impediment to today’s efficient work environment.”

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