Deals of the Week Mar 7 to Mar 11 – Growth Business roundup

This week’s roundup features an AI-generated music company, an embedded finance network brand, and an auction-style advertising start-up

AI music start-up LifeScore scores £11m

LifeScore, an AI music technology company co-founded by a founder of Siri, has raised £11m in funding. LifeScore creates computer-generated music that “sounds as if it were created by talented human composers”. The round was led by Octopus Ventures, with participation from Warner Music Group, IDEO and 4 Good Ventures. Additional investment was received from Metaplanet Holdings OÜ, bringing the total raised to £12m.

Topsort seals £6m in seed funding

Auction-based advertising platform Topsort has raised $8 million (£6.1m) in seed funding – a development which sees the company hit a $110m (£83.8m) valuation. Topsort closed its seed round through various investors including Pear Ventures, Quiet Capital, FJLabs, Micky Malka (Ribbit Capital), Lydia Jett (Softbank), Akhil Paul, Comma VC and other angels.

Fintech platform mmob closes £5m seed round

mmob, an embedded finance network aiming to improve fintech platform user journeys, has closed a £5m seed round. Through its API, brands can quickly connect to mmob’s network of third-party partners and embed new services. The investment was raised through a group of angel investors.

Zero Point zeroes in on £2.9m seed round

Zero Point Motion, a start-up which designs semiconductors technology for drones and robotics, has raised £2.58m in a seed round led by Foresight Williams. The early-stage start-up will use the additional capital to develop its motion-sensing chip technology and open a new lab in Bristol. Zero-Point Motion is a “fabless” silicon chip company, which means it designs but does not manufacture semiconductors.

Further £1.3m raised for rebate software platform e-bate

Leicester-based start-up e-bate, an automated rebate management platform, raised a further £1.3m in its third funding round. The funding comes from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, Mercia’s EIS Funds as well as angel investors.

Choice Options chooses 20VC

London-based Choice Options has raised £1m in a pre-seed round led by Harry Stebbings’ 20VC. Cocoa VC and angel investors including former Google Ads executive Sridhar Ramaswamy, Oculus VR’s former head of video Eugene Wei, Behance founder Scott Belsky and Spotify’s R&D officer Gustav Söderström. Choice Options sees itself as “a recommendation engine for life” that would push films, books, restaurants and podcasts to users.

More Deals of the Week

Deals of the week Feb 28 to Mar 4 – a GrowthBusiness roundup

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...