Getsafe extends Series B round to £68m
Getsafe, the insurtech aimed at providing cover for millennial renters, has raised another $63m (£46m) in funds, extending its Series B to £93m (£68m). Family offices in Germany and Switzerland took part in the Series B fundraise, as well as VCs Earlybird and CommerzVentures and insurer Swiss Re. The “neoinsurer” now serves about 250,000 customers with the UK accounting for a quarter of them.
Huboo closes £60m Series B for e-commerce platform
Mubadala Capital has led a £60m Series B raise for Bristol-based e-commerce fulfilment platform Huboo. Existing investors including Stride, Ada Ventures, Hearst Ventures, Episode 1 and Maersk Growth all joined the round, which means Huboo has raised nearly £80m since April 2019. The company will used the money to help push into continental Europe, as well as invest and expand the business. Last year, Huboo raised £14m in Series A funding.
Reachdesk unwraps £32m Series B round
Reachdesk, the B2B direct mail and corporate gift platform, has closed a $43m (£32m) Series B equity round. The round was led by Highland Europe with participation from Highland Capital, HubSpot Ventures, and RLC Ventures. Reachdesk says it is the world’s fastest-growing “gifting” platform and one of the top-five fastest-growing software products in the world.
100ms raises £3.3m seed round for video infrastructure
100ms, a live video infrastructure platform, has raised a $4.5m (£3.3m) seed round to scale its platform. Accel and Japanese investor Strive.vc led the round. 100ms provides infrastructure that allows any company to add Zoom-style video conferencing inside their app within hours. The company is the brainchild of engineers who helped build live video infrastructure powering video at Facebook and Disney. The market for live audio/video infrastructure services is forecast to grow from $4.2bn in 2019 to $17.7bn by 2024 as sectors including edtech, telehealth, retail, gaming, fitness, social networks and virtual events all incorporate video into their apps.
EcoSync hots up with £710,000 investment
EcoSync, the smart heating control company, has raised £710,000 from investors including RO Capital Partners, Oxford Innovation EIS Growth Fund and Silicon Roundabout Ventures. EcoSync’s technology can save businesses up to 40 per cent on their heating bills by identifying when rooms are unoccupied and adjusting the heating.
Octaive strikes chord with angel investors
Octaive, technology which enables conversation in ads between consumers and brands, has raised £500,000 through angel investors. Clients already include Vodafone, Lego, VW and The Open University.
More Deals of the Week
Deals of the week Sept 27 to Oct 1 – a GrowthBusiness roundup
