The proportion goes up the scale with a turn of 105million
Proportunity, a new real estate financier for first and second buyers, raised Â£ 105million in a round led by VentureFriends and Kibo Ventures. Existing investors Anthemis, Entrepreneur First and the new UK proptech investor Amro Partners.
The new investment, which follows a round of Â£ 7.3million in 2020, will help more than 2,000 individuals and families buy their first homes or move up the ownership ladder. The funding will also increase the maximum loan size of Proportunity from Â£ 90,000 to Â£ 150,000 per house.
Hubilo connects with Â£ 92million Series B funding
Hubilo, the digital events platform, has raised Â£ 92million in Series B in a round led by Alkeon Capital alongside Lightspeed Venture Partners and Balderton Capital. This brings the company’s total funding to Â£ 113million so far in less than 18 months. Hubilo will use part of the investment to increase its workforce by 150% globally, while continuing to develop its platform. On two dates, more than two million participants participated in 10,000 events around the world using Hubilo.
Flexciton closes Â£ 15million Series A round
Flexciton, a tech start-up that helps manage the production of complex computer chips, raised Â£ 15million from Series A. Saras Capital led the round, with Backed VC, Chalfen Ventures and Entrepreneur First. The global semiconductor industry will be worth $ 800 billion by 2028, but the supply chain has been hit by a global chip shortage, affecting industries from auto manufacturing to healthcare.
Octopus Ventures leads Â£ 7million round for BondAval
BondAval, which helps finance supply chains through its insurance technology, has raised $ 7million (Â£ 5million) in a round led by Octopus Ventures. The other investors are Insurtech Gateway and TrueSight Ventures, as well as entrepreneurs such as Tom Blomfield (Monzo and GoCardless), Charlie Delingpole (ComplyAdvantage) and Matt Clifford (Entrepreneur First). BondAval wants its product to help SMEs get the same kind of supply chain credit terms as large companies, rather than resorting to expensive short-term loans.
Xergy strengthens with Â£ 4.3million Series A fundraiser
Xergy has raised 4.25 million Series A pounds to develop its Proteus talent platform specifically for the energy sector. Outgoing investors including Scottish Enterprise and its Early Stage Growth Challenge Fund, as well as some of its energy clients who see the potential.
Occuity exceeds crowdfunding target with Â£ 2.9million fundraiser
Occuity, a medical technology start-up, raised Â£ 2.85million on crowdfunding platform Seedrs, having surpassed its target of Â£ 1.8million within 24 hours of launching its campaign. crowdfunding. Occuity, based in Berkshire, is developing Indigo, an optical glucose meter, which will allow the 4.7 million people with diabetes in the UK to monitor their blood sugar levels with a simple eye scan.
The company says its patented optical technology could be used for a range of conditions, including glaucoma, nearsightedness, diabetes management, screening for prediabetes and possibly early detection of Alzheimer’s disease.
Gigged.AI seeks Â£ 600,000 seed funding
Gigged.AI, the independent recruiting platform for tech developers and programmers, has raised Â£ 600,000 from Techstart Ventures and angel investors. The talent platform industry, a market expected to be worth $ 2.7 billion by 2025, according to McKinsey.
More offers of the week
Weekly Deals October 11-15 – A GrowthBusiness Roundup