Finance provider gets £115m funding
In contrast to bank loans and equity agreements, Outfund offers financing between £10,000 and £10m in exchange for a percentage of future earnings. The fintech lender has committed to arrange £500m for over 5,000 e-commerce businesses over the next 12 months.
Rooser nets a tasty £18m for seafood trading platform
Edinburgh-based Rooser, a seafood trading platform which aims to reduce waste, help with Brexit-related paperwork and help fish sellers get paid quicker, has raised £18.4m ($23m). The funding round was led by London-based Index Ventures.
Rooser’s offering includes stock management, a sales tool and access to an online marketplace which streamlines the fish sales process. Buyers can search and transact through the platform, filtering by species, delivery time and quality score.
Arbolus raises £12m to share industry secrets
Arbolus’ platform uses machine learning technology to match industry professionals with business needs. Its technology helps clients source the right industry professionals and enables multiple methods of gathering information. This accessibility helps large businesses source the right data and knowledge to be best informed.
Juno benefits from £3m to change employee benefit schemes
Employee benefits platform Juno has raised £3.2m ($4m) to transform employee benefits schemes by empowering employees to choose benefits that work for them, rather than take what is offered by the employer. The round was led by Hoxton Ventures and joined by angels.
Juno’s benefits marketplace allows workers to choose experiences using credits allocated by their employer. These include mental health support, childcare services, fitness classes and food delivery boxes.
£1m raised to advance cancer care device
52 North Health, a UK and US-based medtech start-up, has raised £1m in its first round of funding. The round was led by Cambridge Enterprise, the commercialisation arm of the University of Cambridge, with participation from Crista Galli Ventures, King’s Health Partners MedTech Innovations, Meltwind, Milltrust Ventures and numerous angels.
52 North is developing its NeutroCheck solution: a clinical, AI and medical device-based system for people living with cancer. NeutroCheck is a point-of-care medical device which can be used by patients outside of hospital to monitor their risk of neutropenic sepsis, a potentially life-threatening complication of chemotherapy.
Notifications platform raises £300,000 to engage customers
Cooee, an AI platform which helps apps deliver personalised user notifications, has received £300,000 in pre-seed funding from investors including VC firm Jenson Funding Partners and several angel investors.
Cooee delivers one-to-one personalised in-app notifications to help businesses better engage customers and increase revenue. It uses AR, computer vision and machine learning to create unique engagements for every customer in real-time.