Funding up 18% in a banner year for London Tech with ~$6.3B invested despite challenges. Read on for a clear and concise analysis.
Venture Capital
The December 2020 London Venture Capital Funding Report
Funding down 28.7% MOM as much of the nation under lockdown in December. Find out where it went… Aggregate statistics for all London funding deals by stage of funding (Early, Series A, Series B, and Late) including mention of notable rounds for December 2020.
Cledara Pulls in Another $3.4M to Centralize SaaS Spend and Management
Software may be eating the world but software spend may be eating your runway.
The average employee uses eight SaaS applications; companies with 50 or less employees have a total of 40 applications while larger companies with 1000+ employees have over 200 different subscriptions on average. Cledara is the SaaS purchasing and management platform that centralizes a company’s cloud software subscriptions, providing transparency into spend and usage. The pandemic has created a frenzied acceleration for digital transformation and the associated software needed and this trend has fueled massive growth for Cledara; the company has grown 20x in 2020 alone.
London TechWatch caught up with Cofounder and CEO Cristina Vila to learn more about the company’s platform, expansion plans, and latest round of funding from Nauta Capital and Anthemis.
The November 2020 London Venture Capital Funding Report
Railsbank Raises $37M for its Banking-as-a-Service Platform That Sets to Define the Future Innovation in Finance
The concept of banking-as-a-Service (BaaS) is on the rise and research conducted by IBM shows that 79% of bank executives believe that BaaS will provide a competitive edge, increase profitability, and help expansion into new markets. Railsbank is the leading BaaS platform that offers a complete financial services backend – platform, connectivity, operations, scheme memberships (e.g. Visa), regulation, and compliance. Railsbanks’ APIs provide the building blocks for businesses to innovate to address any financial use case, including the launching of a full banking system. London TechWatch caught up with CEO and Cofounder Nigel Verdon to learn more about Railsbank, its global expansion plans, and recent capital raise, which brings the total funding raised to $51.4M.
RevLifter Raises £3.3M to Power Hyper-Personalised Online Shopping Experiences
With Cyber Monday right around the corner and the holidays coming up, brands are preparing for the rush of online shoppers and getting ready to deliver outstanding, personalised shopping experiences through platforms like RevLifter. This AI, retail tech startup powers hyper-personalised real-time deals at all stages of the customer’s buying journey. RevLifter’s AI algorithm can pinpoint the right deal for the right customer at the right time, and its solution has been so effective at increasing customer conversion rates that clients like Harvey Nichols, Very AT&T, and more have incorporated RevLifter into their commerce platforms. London TechWatch caught up with Simon Bird to discuss how RevLifter boosts e-commerce sales and helps brands maintain a competitive edge in a time where a curated, personalised experience means everything to consumers. We previously interviewed Bird in 2019 after RevLifter’s seed round. RevLifter has raised a total of £5.6M across two rounds.
AGRIVI Raises £4M for its Comprehensive Farm Management Software Platform
While agriculture is the backbone of economies across the world. Despite “software eating the world”, farming, as an industry, has been severely overlooked when it comes to innovation and data-driven solutions. AGRIVI, the complete farm business management platform, is on a mission to change this by supporting farmers by leveraging technology to make farm operations efficient. London TechWatch caught up with CEO and Founder Matija Zulj to learn more about how AGRIVI helps solve the global food crisis while supporting farmers, the company’s expansion plans in Europe and the US, and the latest round of funding from investors that include South Central Ventures, European Investment Fund, Croatian Bank for Reconstruction and Development, Fil Rouge Capital,and AgriTech Hub.
EventsCase Raises £3.5M for its All-In-One Events Management Platform
Early in the pandemic, EventsCase, an event management platfor, lost 75% of its sales as the world and all events stopped. By May the company rolled out a solution for managing virtual events. The company is now on pace to double its sales thanks to the this strategic shift. London TechWatch caught up with CEO and Cofounder Jose Bort to learn more about the evolution of EventsCase, the company’s product roadmap, expansion plans, and recent round of funding from investors that include Haibun Partners and Neil MacDougall,.
