Finance Friday: Who raised funding this week? February 5-9

Our weekly selection of the successful start-ups who raised significant amounts of funding Feb 5-9. Did we miss yours? Read below on how to get featured


Female-led filmtech start-up We Got POP raises £2m

Who: We Got POP
How much: £2m
Who are the investors: The funding round led by Octopus Ventures with participation from AllBright, co-founder Andy Phillipps, and former KKR Partner Henrik Kraft
For what: To aid US expansion.
What they said:

Kate McLaughlin, founder of We Got POP, said:

“I’m delighted that we have the tremendous support of top tier fund Octopus Ventures and experience of angels like Andy Phillipps and Henrik Kraft, to back us as we add products to facilitate a wider community in the film industry and expand into the US.

“We’re working on some very exciting technology this year and can’t wait to bring it to market.”

Video platform Spirable, formerly called Photospire, raises £1.25m 

Who: Spirable
How much: £1.25m
Who are the investors: The funding round was led by Frontline Ventures, and also included Downing Ventures and existing backers 24 Haymarket and True.
For what: To fuel expansion
What they said:

Ger O’Meara, co-founder and CEO of Spirable, said:

“Our mission is to reinvent storytelling by enabling brands to create millions of videos that are relevant and in-the-moment for each of their customers across all social and CRM channels.

“We’ve hired some of the smartest minds in Europe to work on this problem. Our CTO was previously tackling aerodynamics at McLaren F1 – we find that optimizing video is almost as challenging!”

On-demand portable petrol station Zebra Fuel raises £1.8m seed funding

Who: Zebra Fuel
How much: £1.8m seed funding
Who are the investors: Led by LocalGlobe, other investors included Brent Hoberman’s Firstminute Capital and founder of Zoopla, Alex Chesterman.
For what: Zebra will use the investment to grow their 30-strong team, increase its fleet of vans and drivers, and focus on growth. C
What they said:

Reda Bennis, co-founder of Zebra Fuel, said:

“We are also developing an exciting project with one of the major vehicle manufacturers to bring our service to all their car owners.

“We aren’t able to reveal details yet, but it’s going to be very exciting: Think Blade Runner meets Formula 1.”

Lightful, a London-based social media and campaign management tool for charities and social enterprises, raises £4m Series A

Who: Lightful
How much: £4m Series A
Who are the investors: Investors included Pink Floyd drummer Nick Mason and British racing driver Dario Franchitti
For what: The money will be used to fund additional R&D and Lightful Labs – which is trialing AI, machine learning, bots and voice recognition.
What they said:

Vinay Nair, CEO and co-founder of Lightful, said:

“Charities and social enterprises have some of the best stories to tell, and we are excited that Lightful can help grow the potential of using social media for social good – we certainly need that to happen now more than ever.

“With claims that social media is destroying society and acting as a purveyor of hate speech, there’s clearly a significant opportunity to bring about change – and we believe the social impact space has a vital role to play. With the fantastic support from our incredible investors, we’re excited to try to make 2018 the year we can finally reclaim social media – for good.”

Open Energy Market, an online trading platform for the management of energy contracts, raises £3m

Who: Open Energy Market
How much: £3m
Who are the investors: Calculus Capital
For what: The London-based business will use the injection of funds to increase its team and to implement significant platform developments, including extensions into other commodities and expansion into the US market.
What they said:

Chris Maclean, founder and chief executive of Open Energy Market, said:

“The market was crying out for innovation that could help large businesses better manage the confusing, convoluted and inefficient processes associated with energy procurement. In an age where technology has helped streamline most business operations, it still amazes us how antiquated and manual our industry is.

“Our platform uses technical automation to cut through the complex market processes, alleviating many of the pain points that energy buyers face and ensuring their route to market is as efficient and as informative as possible.

“This is an exciting time for OEM as this partnership with Calculus will enable us to push our platform out to a wider audience and implement further innovative tools that will continue to re-shape the industry.”

Traditional street food market Mercato Metropolitano raises £577,587

Who: Mercato Metropolitano
How much: £577,587
Who are the investors: Investors on crowdfunding site Seedrs
For what: The money raised will be used to improve and develop existing Elephant and Castle site as well as to help with due diligence on their second site.