Deals of the Week, December 4 to 11 – Growth Business roundup

Growth Business roundup of Deals of the Week December 4 to 11, listing seed funding, venture capital and crowdfunding deal of note

Staze crowdfunds £500,000 for staycation app

Staze, the new app which puts under-occupied holiday rentals at the fingertips of last-minute bookers, has closed its first crowdfunding round at £500,000.

The £500,000 investment will enable Staze to employ a full-time team to grow its UK staycation property listings from 4,000 to 80,000 by the end of 2021, as well as launching its pan-European arm.

Investors crowd treasury management developers round with £500,000

Crowd Data Systems (CDS), the treasury management systems developer, has secured £500,000 in pre-seed funding from RLC Ventures, alongside further investment from Ascension Ventures and Force Over Mass Capital.

Crowd Data Systems plans to use the capital to increase R&D, sales and marketing, as it expands its cloud-based apps into cash and treasury management.

London-based venture capital fund RLC Ventures backs founders building global tech companies, from idea to exit.

Neuro-ID identified by investors for £5.3m deal

Neuro-ID, the company using behaviour-as-a-service technology to reduce online fraud, has raised $7m (£5.3m) in a Series A funding round led by Fin VC and TTV Capital, with Canapi Ventures also participating.

Neuro-ID will use the additional capital to accelerate product development and market penetration.

Fin VC has built a global asset management platform with early-stage (Flagship) and growth equity (Horizons) strategies, with a focus on US and EU/UK enterprise SaaS fintech companies.

Connected Capital invest a pretty penny in Gorgeous Retail Group

Gorgeous Retail Group, an online beauty retailer, has secured a £3.5m investment from Connected Capital.

The capital will go towards supporting its growth plans as the shift to e-commerce in the cosmetics market is accelerated by Covid-19.

Connection Capital is a specialist syndicator of investment funds from private professional investors into direct private equity, private debt and commercial property deals, as well as alternative asset funds. It currently has some £300m of funds under management across a diverse portfolio.

Highland Europe reaches new funding heights after £638m fund close

Highland Europe has closed its fourth fund, raising €700m (£638m) to back European founder-led teams in software and internet businesses.

Highland Europe will build on a track record of investing in consumer tech brands and software companies such as AMCS, Brandwatch and ContentSquare. Over the past 12 months, the firm has invested nearly €200m (£182m) into new and existing members of its portfolio.

The new fund takes Highland Europe’s assets under management to €1.8bn (£1.64bn).

Aisle 3 cleans up with £200,000 startup capital

aisle 3, an e-commerce startup founded by entrepreneurs who were made redundant during the pandemic, has raised £200,000 from Angel Investment Network.

The funds will be used to advance the brand’s product and tech build.

The company helps consumers have greater control over their shopping by showing up to 600 retail offers condensed onto one screen.

Modularbank banks £3.6m in seed funding

Modularbank, a cloud-agnostic core banking platform, announced a €4m (£3.6m) seed funding round led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital and angel investor Ott Kaukver, the ex-CTO of Twilio and Skype.

The backing paves the way for UK, European and wider global expansion, and will enable the company to bolster its engineering and commercial teams, while investing in its technology platform.

BlackFin Tech is an independent fintech/insurtech-focused VC powering European fintechs and Insurtechs to transform financial services on a global scale.

Cleo strengthen finances with £33m Series B round

Cleo, the financial assistant designed for Gen-Z, has raised $44m (£33m) in Series B funding led by EQT Ventures with participation from existing investors Balderton Capital, LocalGlobe and SBI. They join an existing roster of angel investors including Taavet Hinrikus, Matt Robinson, Errol Damelin, Niklas Zennstrom, Alex Chesterman and Ian Hogarth.

This latest round gives Cleo the resources to explore new ways to improve credit and build personalized spending plans to stabilize financial safety nets. It will also help further its US expansion, enabling leadership hires in the Bay Area.

Conigital drive investor interests claiming £1m in funding

Conigital, a driverless vehicle and transport company, has raised £1m on Seedrs and is now actively overfunding.

It is expanding internationally with offices in the UK, Europe, India and Australia and has been voted a Top 10 AI company by Intel and Vodafone and one to watch by Technation.

To date, Conigital has secured £3.5m to support its platform build, and it is now moving to commercialise its offering through driverless vehicle trials with end customers.

Further reading

Deals of the Week, November 27 to Dec 4 – Growth Business roundup

Rory Bennett

Rory Bennett

Rory was a reporter from 2020 to 2021 before moving on to write for MyLondon and then Reach plc.