Soldo tracks £131m Series C round
London-based Soldo, the fintech which helps company track expenditure, has closed a $180m (£131m) Series C round led by Singapore investor Temasek. Sunley House Capital and Citi Ventures also participated alongside Accel, Battery Ventures and Dawn Capital, with Silicon Valley Bank providing debt financing. The fintech, which already has over 26,000 customers in more than 30 countries, will use the investment to drive into a European market worth £124bn.
Collectiv harvests £12m in Series A
Collectiv Food, the B2B food supplier which delivers food to professional kitchens straight from growers, has raised £12 in Series A. VNV Global led the round with Octopus Ventures, VisVires New Protein, Norrsken VC also participating alongside existing investors Partech, Colle Capital and Mustard Seed. Collectiv Food disrupts the professional food supply chain by delivering meat and produce straight from the farm to restaurants, cutting out middleman wholesalers. Brands using Collectiv include the Big Mamma Group and salad bars Crussh and Tossed.
Ntropy crunches £2.3m in seed funding
Ntropy, a fintech which manages data for open banking, has raised $3.2m (£2.3m) in seed funding in a round led by QED Investors alongside January Ventures, with angel investors including founders and executives from Ramp, Square and Stripe. Although aimed at the North American market, the Ntopy team is spread across the UK, Norway, France and the USA.
Willow Den closes £725,000 for outdoor kindergarten
Willow Den, an outdoor early-learning concept, has raised £725,000 to launch a chain of nurseries for children aged three to five across Scotland. Social Investment Scotland made a £225,000 loan matched by a £225,000 grant from the SIS Growth Challenge. Inspiring Scotland, the founder of Willow Den, and angel investors came in with the other £225,000. Edinburgh-based Willow Den plans to to expand from one nursery this year to eight by 2026, delivering services for up to 200 children and creating 30 new jobs.