Finance Friday: Who raised funding this week? December 18-22

Who were some of the last start-ups to raise funding in 2017? Read on to find out and let us know if we missed you out

Mattress firm Simba lands £40m Series B to bounce back in battle of the beds

Who: Mattress e-commerce operation Simba Sleep
How much: £40m Series B
Who are the investors: Led by Atami Capital, alongside existing backers Nigel Wray, Wharton Asset Management and Swiss bank Lombard Odier
For what: Product development
What they said:

Founder of Simba Sleep James Cox commented: “This fourth-round investment ensures innovation remains at the core of our business ethos and aligns with our global momentum.

“By the end of 2017, we will have a presence in over twenty global retail outlets and will have achieved 350% year-on-year revenue growth. We’re also on course for profitability in our core markets in early 2018 as well as exponential growth in the large £10bn US and £11bn Asian markets.”

AI start-up DigitalGenius secures $14.75m Series A

Who: Customer service AI firm DigitalGenius
How much: $14.75m
Who are the investors: Led by Global Founders Capital, with participation from MMC Ventures and Paua Ventures. Existing investors Salesforce Ventures, Runa Capital, RRE Ventures, Lumia Capital, Compound and Lerer Hippeau Ventures also contributed to the round.
For what: Commercial expansion and to accelerate product development
What they said:

Dmitry Aksenov, founder and CEO of DigitalGenius, commented: “With this capital, we are fortifying our position as the leader in practical applications of AI for Customer Service.

“Our technology works as an intelligence layer on top of existing customer service platforms to automate and significantly speed up case resolution, transforming the way work is being done in contact centres.”

Golf watch company Shot Scope clinches £1.6m

Who: Golf tracking watch company Shot Scope
How much: £1.6m
Who are the investors: Scottish Investment Bank, Equity Gap and Old College Capital, the investment fund of the University of Edinburgh
For what: Scale up manufacturing, marketing and sales
What they said:

David Hunter, CEO of Shot Scope, commented: “The US is by far our biggest opportunity.

“There are 30 million golfers in the US, and nearly five million in our target market. The product meets the needs of the golf market, the tech is revolutionary, the apps provide golfers with an amazing way to experience their golf game and we’re constantly improving the technology. This is an exciting time.”