Proportunity gets on ladder with £105m round
Proportunity, a new property financier aimed at first and second-time buyers, has raised £105m in a round led by VentureFriends and Kibo Ventures. Existing investors Anthemis, Entrepreneur First and new UK proptech investor Amro Partners.
This new investment, which follows a £7.3m round in 2020, will go towards helping more than 2,000 individuals and families to buy their first home or progress up the property ladder. The funding will also increase Proportunity’s maximum loan size from £90,000 up to £150,000 per home.
Hubilo connects with £92m Series B funding
Hubilo, the digital events platform, has raised £92m in Series B in a round led by Alkeon Capital alongside Lightspeed Venture Partners and Balderton Capital. This brings the company’s total funding to £113m to date in less than 18 months. Hubilo will use some of the investment to increase its headcount by 150 per cent worldwide, as well as continuing to develop its platform. Two date, more than two million attendees have taken part in 10,000 events around the world using Hubilo.
Flexciton closes £15m Series A round
Flexciton, a tech start-up which helps manage complex computer chip production, has raised £15m Series A. Saras Capital led the round, along with Backed VC, Chalfen Ventures and Entrepreneur First. The global semiconductor industry will be worth $800bn by 2028 but the supply chain has been hit by a global chip shortage, impacting industries from car manufacturing to health services.
Octopus Ventures leads £7m round for BondAval
BondAval, which helps finance supply chains through its insurance technology, has raised $7m (£5m) in a round led by Octopus Ventures. Other investors are Insurtech Gateway and TrueSight Ventures, along with entrepreneurs including Tom Blomfield (Monzo and GoCardless), Charlie Delingpole (ComplyAdvantage) and Matt Clifford (Entrepreneur First). BondAval wants its product to help SMEs to get the same kind of supply chain credit terms as large companies, rather than rely on expensive, short-term loans.
Xergy powers up with £4.3m Series A fundraise
Xergy has raised £4.25m Series A to develop its Proteus talent platform specifically aimed at the energy sector. Exiting investors including Scottish Enterprise and its Early Stage Growth Challenge Fund, along with some of its energy business customers who see the potential.
Occuity smashes crowdfunding target with £2.9m fundraise
Occuity, a medical technology start-up, has raised £2.85m on crowdfunding platform Seedrs, having smashed its £1.8m target within 24 hours of its crowdfunding campaign launching. Berkshire-based Occuity is developing the Indigo, an optical glucose meter, which will allow the 4.7m people living with diabetes in the UK to monitor their blood sugar levels through a simple eye scan.
The company says its patented optical technology could be used for a range of conditions including glaucoma, myopia, diabetes management, pre-diabetes screening and eventually, it is hoped, early detection of Alzheimer’s disease.
Gigged.AI recruits £600,000 start-up funding
Gigged.AI, the freelance recruitment platform for tech developers and programmers, has raised £600,000 from Techstart Ventures and angel investors. The talent platform industry, a market expected to be worth $2.7tr by 2025, according to McKinsey.