Deals of the Week 25 April to 29 April – a Growth Business round-up

Deals this week include a fish-selling platform, an employee benefits app and a cancer care device

Finance provider gets £115m funding

Outfund, the UK’s largest e-commerce lender, closed a £115m Series A round. The funding was led by Force Over Mass, PostFinance, 1818 Venture Capital and Tribe Capital.

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

London-based Arbolus, a platform which helps businesses collaborate and share knowledge, has closed a £12m ($15m) Series A round, led by Element Ventures alongside existing investor Fuel Ventures.

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.

More Deals of the Week

Deals of the Week 18 April to 22 April – a Growth Business round-up

Deals of the Week 11 April to 15 April – a Growth Business round-up

Deals of the Week 4 April to 8 April – a Growth Business round-up

Dom Walbanke

Dom Walbanke

Dom is a feature writer for Growth Business and Small Business, focused on matters concerning start-ups and scale-ups. He has also been published in the Independent, FourFourTwo magazine and various lifestyle...

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Early Stage Funding