Moneybox crowded by investors raises £4m in funding

Moneybox, the saving and investing app, has raised £4m on Crowdcube.

Earlier this year the app company also raised £30m in a Series C funding round jointly led by Eight Roads and new investors Open CNP.

Moneybox intends to use funds to scale up the business, expand its team size, improve its products and develop more tools.

Crowdcube enables entrepreneurs to raise finance through crowdfunding and allows parties to invest in businesses that are traditionally restricted to corporate investors.

Buildots builds strong financial foundations with $16m in early funding

Buildots, a company using AI to maximise productivity in construction, has secured $16m (£12.2m) in funding. Both $3m seed and $13m Series A rounds were led by TLV Partners.

The funds will go towards developing AI systems that track, analyze, and provide actionable data for construction project teams.

Weezy delivered with £1m in pre-seed support

Weezy, an online on-demand supermarket startup, has gone live after securing £1m pre-seed investment led by Heartcore Capital and backed by former executives of Ocado, Tesco, Sainsbury’s Chop Chop and Deliveroo.

The grocery delivery company is using the funds to pilot its first fulfillment centre, serving customers in West London, but plans to have 15 more in the capital by the end of next year.

Founded in 2007, Heartcore Capital has raised over $500 million in committed capital across four funds and has backed more than 70 start-ups.

Span widens its reach with £132,000 crowdfund

Span, a digital healthcare platform, has raised £132,000 in a crowdfunding campaign on Seedrs.

The fund raised will help the NHS-backed company scale up to help businesses mitigate the costs of lifestyle-condition-related absences.

Seedrs is an equity crowdfunding platform that has overseen the investment of £944m through its network of businesses and investors.

ROOM is an architect of $12.5m funding round

ROOM, a workplace design company, has recently closed a $12.5m (£9.5m) Series A round led by Silicon Valley venture capital firm Slow Ventures, with SJF Ventures, Lerer Hippeau, and FJ Labs also participating alongside architect Bjarke Ingels.

In addition, Dave Kirkpatrick from SJF Ventures has joined the company’s board of directors and Ingels has been named to ROOM’s advisory board.

Positive prognosis for Infermedica with $10m Series A funding round

Infermedica, an AI-based platform for preliminary diagnosis and triage, announced it has raised $10.25m (£7.8m) in Series A funding.

The round was led by the European Bank for Reconstruction and Development (EBRD) and Heal Capital, with participation from existing investors Karma Ventures, Inovo Venture Partners, and Dreamit Ventures. This new capital places Infermedica’s total funding at $15 million.

The investment will be used for platform R&D to further enhance patient triages and to expand operations in Germany and the US.

Heal Capital is a European venture capital fund which invests in technology-enabled healthcare at series A stage.

Bakedin whip up investors with £675,000 funding round

Bakedin, a baking kit producer, has successfully completed a £675,000 funding round that included a £200,000 investment from the Enterprise M3 Growth Fund, managed by The FSE Group.

The investment will help to continue growth, invest in factory expansion, and further develop the Basingstoke-based company’s market share in the US.

The Enterprise M3 Funding Escalator II is a £10m initiative that includes an expansion loan scheme, a trade finance loan scheme, and an equity growth fund, providing eligible companies with loans and equity funding between £50,000 and £300,000.

ENSEK sparks international expansion with acquisition of NrgFin

ENSEK, a software supplier to UK energy providers, today announced the acquisition of NrgFin, a Benelux-based consultancy and data analytics company. The deal is part of ENSEK’s growth strategy to expand into new international territories within Western Europe.

ENSEK is backed by LDC, the private equity arm of Lloyds Banking Group. LDC has committed to invest £1.2bn in UK mid-market businesses and has a portfolio of 90 businesses across multiple sectors including Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.   

Deals of the week, July 23-30 – Growth Business roundup