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Advertising platform Admedo closes $6m Series B round led by MMC Ventures
posted on February 4, 2016

Programmatic advertising platform Admedo has closed a $6m Series B funding round led by MMC Ventures. The round, which also drew support from existing investors Sussex Place Ventures, will be used to aid Admedo’s international expansion plans. Founded in 2013, London-based Admedo already has offices in New York, Los Angeles, Berlin and Paris and will…


Farmdrop closes £3m funding round led by Skype co-founder
posted on February 3, 2016

Farmdrop has closed a £3m funding round led by Atomico, the investment company founded by Skype co-founder Niklas Zennström. The London-based business, set up by ex-Morgan Stanley stockbroker Ben Pugh to bridge the gap between buyers and producers, was launched in 2014 following a £750,000 investment on crowd-funding platform CrowdCube. Ben Pugh, founder of Farmdrop, commented…

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Albion Ventures and Sky participate in InCrowd Sports’ £1.65m round
posted on February 3, 2016

Mobile fan engagement and sports marketing company InCrowd Sports has closed a £1.65m funding round led by Albion Ventures. The round also drew support from Sky and a number of undisclosed angel investors. Ed Lascelles, partner at Albion Ventures, said: “We are delighted to be working with Aidan again after our successful time together with Opta….


Brighton SaaS provider Intelligent Positioning lands £2.5m in funding
posted on February 2, 2016

Intelligent Positioning, a SaaS provider from Brighton has raised £2.5m in funding from existing investor Mercia Technologies Plc. The Series A round, which brings the company’s cumulative funding to date to £2.75m, will be used to develop Pi Datametrics — its SEO platform — and to expand overseas. Dr Mark Payton, CEO of Mercia Technologies,…


Calendar API service Cronofy closes $1.6m Seed round
posted on January 29, 2016

Calendar API service Cronofy has closed a $1.6m seed round led by Firestartr alongisde henQ, an Amsterdam-based venture capital firm. The startup, which is based in Nottingham and London, will use the funds to expand its teams in both cities. Adam Bird, Founder & CEO, said in a statement: “This round is all about growing…

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Payroll startup Dopay bags $2.4m to drive overseas expansion
posted on January 29, 2016

Dopay, a London-headquartered startup that provides a payroll service for the unbanked, has raised $2.4m in pre-Series A funding to help it expand across the Middle East and Africa. The round, which brings the startup’s cumulative funding to $4.6m, was led by Techstars Ventures and Force Over Mass Capital. Frans van Eersel, founder and CEO at…


UK cloud tech provider NewVoiceMedia nets $30m in funding
posted on January 28, 2016

Cloud technology provider NewVoiceMedia has scored $30m in a Series F funding round. Existing investors Bessemer Venture Partners, Eden Ventures, Highland Capital Partners Europe, Salesforce Ventures and Technology Crossover Ventures participated in the round, which also attracted support from BGF Ventures. Jonathan Gale, CEO of NewVoiceMedia, said: “In our last financial year, we grew our international new…

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London-based Tapdaq gets $6.5m in Series A funding
posted on January 28, 2016

Tapdaq, an in-app advertising platform for mobile developers has closed a $6.5m Series A funding round. Co-founded by UK entrepreneurs Ted Nash, Dom Bracher and Nick Reffitt, the company drew investment from BGF Ventures, Balderton Capital, Spring Partners and Open Ocean Capital. The company, which enables mobile developers to grow and retain users through cross-promotion,…


FinTech company Sonovate raises £5m in Series A round
posted on January 28, 2016

Recruitment contract finance provider Sonovate has closed a £5m Series A funding round led by Dawn Capital, with support from DN Capital. The London-based firm also secured an additional £15m in debt funding provided by Shawbrook Business Credit. Sonovate CEO and co-founder Richard Prime said in a statement: “Agencies providing contract solutions have relied on…


London-based SaaS provider HighQ raises $50m
posted on January 27, 2016

Software as a Service (SaaS) provider HighQ has closed a $50m growth equity funding round. Private equity firm One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital participated in the round. Ajay Patel, CEO and Co-Founder of HighQ, said : “This is a significant milestone in HighQ’s history and the beginning of…

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UK tech investment: what’s the deal for 2016?
posted on January 27, 2016

Sam Pearse is a partner in Pillsbury’s corporate and securities team in London. This article, co-authored by Christina Pearson, a counsel in Pillsbury’s corporate and securities technology team in Palo Alto, explores what will be the UK tech investment trends for 2016. The UK benefitted from over £3bn of investment by venture capital firms in 2015,…

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Winnow scores $3.3m in round led by Mustard Seed and D-Ax
posted on January 20, 2016

Tech startup Winnow has closed a $3.3m Series A funding round led by Mustard Seed and D-Ax. The London-based startup, known for its smart meter technology which helps chefs reduce food waste by 50%, also drew investment from a series of private investors. Having launched in May 2013, Winnow — which has raised $4.3m in cumulative…

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Advertising platform Admedo closes $6m Series B round led by MMC Ventures
posted on February 4, 2016