London Based Fintech Detected Finalizes £2 5M Round crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Lyre s to continue global expansion after $179m valuation theshout.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theshout.com.au Daily Mail and Mail on Sunday newspapers.
Deals of the week May 4 to May 7 – a GrowthBusiness roundup 7 May 2021
Growth Business roundup of Deals of the Week, May 4 to May 7, listing seed funding, venture capital and crowdfunding deals of note
Octopus wraps around £8m insurtech Series A
Octopus Ventures has a led a £8m Series A round for Sprout.ai, the insurtech which enables insurers to settle claims within 24 hours. Other investors in the round were Amadeus Capital Partners, Playfair Capital and Techstars. Sprout.ai clients include insurance giant Zurich.
Fixr boogies with £6.5m investment
Fixr, the digital events and ticketing platform, has raised £6.5m from investors for its white-label advance ticketing service. Investors include FSE Group, Armajaro Holdings, Smith & Williamson and Carlisle Commerce Group. Rekom UK, Britain’s biggest nightclub operator in terms of floorspace, has signed up for Fixr’s ticketing solution as the country prepares for nightclubs to reopen.
By Edward Devlin2021-05-05T12:12:00+01:00
A non-alcoholic Negroni using three of Lyre’s 13-strong range
Non-alcoholic spirits start-up Lyre’s has been valued at more than £100m after receiving £5m in top-up funding to continue expansion in the rapidly growing low & no alcohol category.
The business plans to use the new funds to boost its presence overseas from 43 countries currently to 60 by the end of the year, as well as investing in its manufacturing capabilities in the UK, Europe and the US, and helping to prepare for the reopening of the global hospitality sector as restrictions ease.
The ‘seed-plus’ fundraising comes ahead of a major funding round planned for later in the year and follows a £9m investment in the business in September last year. It takes the total raised by Lyre’s to more than £15m over three rounds since it began trading in 2019.