Deals of the week April 6 to April 9 – GrowthBusiness roundup

Growth Business roundup of Deals of the Week, April 6 to April 9, listing seed funding, venture capital and crowdfunding deals of note

MPB snaps £50m Series D funding for second-hand cameras

MPB, the world’s largest reseller of photo and video kit, has raised £49.8m Series D funding, led by Vitruvian Partners alongside existing investors Acton Capital, Mobeus Equity Partners, Beringea and FJ Labs. Brighton-based MPB resells 300,000 pieces of kit globally each year.

Craft sews £6m Series A funding round together

Craft Docs, the collaborative writing and editing platform, has raised $8m (£5.8m) Series A funding through early-stage investor Creandum, whose previous investments include Spotify, Klarna and Kahoot. Other investment came from InReach Ventures and former CEO and co-founder of Skyscanner, Gareth Williams.

Literacy Capital plants £3.5m Series A into TheVeganKind

TheVeganKind, the online vegan supermarket, has raised £3.5m Series A from Literacy Capital. Glasgow-based TheVeganKind began in 2013 offering a subscription vegan delivery box service. Today its two websites average 350,000 visits per month. Last October TVK opened a 35,000 sq ft warehouse storing almost 6,000 plant-based product lines. PwC Raise Ventures advised on the deal.

Geomiq raises £2.9m as part of seed round

Geomiq, the B2B manufacturing platform, has raised £2.9m as part of a seed round led by Samaipata and joined by Sova VC, Fuel Ventures, Tekton Ventures and Eka Ventures. London-based Geomiq connects engineers with manufacturers.

With more than 260 manufacturing partners worldwide, customers can access a vetted network of manufacturers, ensuring that mechanical parts are effectively quoted, manufactured and delivered on time. The global low-volume manufacturing market is valued at more than $95bn and is expected to grow at 12 per cent per annum. Brands that have used Geomiq already include GE, BMW, Transport for London, and Brompton Bikes.

Cyclr pedals its way to £2m funding

Cyclr, the SaaS interoperability software firm, has raised £2m through Blackfinch Ventures in tandem with Juno Capital. Cyclr allows SaaS platforms to connect to third party software, eliminating the cost and time to develop this functionality from scratch. It has grown revenue by 150 per cent year on year and doubled its team to 23 people since 2020, despite the pandemic.

PlayerData scores £1.7m from Hiro Capital

Hiro Capital, the gaming and e-sports venture capitalist, has invested $2.3m (£1.7m) in sports team training software developer PlayerData. Edinburgh-based PlayerData works with sports clubs at any level to improve training through data, AI and wearable technology.

Grocemania rings up £173,000 through Seedrs

Grocemania, the same-day grocery delivery start-up, has raised over £170,000 through crowdfunding platform Seedrs. The London-based business smashed its £100,000 funding target. Grocemania works as a kind of local Ocado food-delivery service, working with smaller grocery chains such as Budgens, Nisa, Londis and Costcutter, to deliver food within half an hour for a £2.50 fee.

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Deals of the week March 29 to April 1 – GrowthBusiness roundup


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