Finance Friday: Who raised funding this week? January 22-26

Want to know which UK start-ups successfully raised funding this week? Read on below and keep up to date with the latest small business news and deals

Email shaned@startups.co.uk to get your start-up included.

Missed last week’s funding rounds? Click here and get up to date.


Welsh recruitment platform Digital Profile raises £275,000

Who: Cardiff-based career and recruitment platform Digital Profile
How much: £275,000
Who are the investors: Investors included the Development Bank of Wales, private investor Giles Phelps, and Cardiff Council
For what: To attract more users
What they said:

Dan Lewis, founder of Digital Profile, said:

“We wanted to create an engaging platform that allows people to change and modify their CV or profile easily. Our system allows candidates to tailor applications simply and to modify their profile as they gain more and more experience.

“It also allows employers and training providers to target appropriate opportunities to a large number of potential candidates at a much more affordable cost and cuts down the amount of admin time needed to manage the process.

“We’ve already had a number of schools, local authorities and employers register on the platform.”

Agritech start-up KisanHub raises £1.75m pre-Series A

Who: Crop intelligence platform KisanHub
How much: £1.75m pre-Series A funding
Who are the investors: The funding round was led by Notion Capital and IQ Capital. with Callibrate Management and other undisclosed angel investors also participating.
For what: The Cambridge-based business will use the fresh funds to continue developing its proprietary tech
What they said:

Dr Sachin Shende, CEO of KisanHub, said:

“KisanHub is on an ambitious mission to create a field level data infrastructure of the future and integrate that data with our Crop Intelligence Platform to deliver actionable insights to enterprises and their growers.

“With the new investment, we will kick start the hardware deployment in the UK, attract new talent into sales and customer success functions and expand our engineering capabilities to deliver end-to-end supply chain solutions.”

Social shopping app Depop going global after $20m Series B funding round

Who: Depop
How much: $20m Series B
Who are the investors: Led by Octopus Ventures, the funding round also included TempoCap, who will be joining the current investors Balderton, HV Holtzbrinck Ventures, H-FARM, Creandum, Lumar as well as Italian entrepreneurs Luca Marzotto and Renzo Rosso from OTB/Diesel Group
For what: Global expansion
What they said:

Simon Beckerman, founder of Depop, said:

“By combining mobile shopping with social features, Depop is creating a stronger relationship between buyers and sellers. We are becoming a key part of the lifestyle of a generation which values community and sustainability, while possessing a strong entrepreneurial streak.”

London-based fintech TradeCore raised £2.21m 

Who: “AWS for fintech” start-up TradeCore
How much: £2.21m
Who are the investors: South Central Ventures
For what: To support expansion into the Far East and to support the opening of new offices in Tel Aviv.
What they said:

Stefan Pajković, CEO of TradeCore, said:

“TradeCore has ambitious plans to expand its enterprise client base, increase product development velocity and raise brand awareness.”

London and Edinburgh-based E-commerce analytics start-up E Fundamentals raises £2.5m Series A

Who: E Fundamentals
How much: £2.5m Series A
Who are the investors: Downing-managed VCTs and Downing Ventures EIS led the investment round with participation from existing E Fundamentals shareholders.
For what: The fresh injection of funds will help the start-up “aggressively develop” its roadmap of market-leading platforms and tools which help major brand clients like Nestle, General Mills, Kerry Foods and Birds Eye grow their sales and profits in online supermarkets.
What they said:

John Maltman, CEO of E Fundamentals, said:

“Every brand owner in the world has their growth plans pinned on eCommerce. We are committed to helping our clients get a tremendous Return on Intelligence by helping them drive their share of online business faster than bricks and mortar sales.

“All brand owners need deep insights to get the fundamentals of eCommerce right and this Series A round allows us to further perfect our service and quickly expand into new product areas and international territories.

“We’re delighted to be part of the Downing family; their long-term commitment to growing businesses made them the stand-out investor partner.”

Tech VC DN Capital raises new €200m fund to back digital start-ups

Who: Venture capital firm DN Capital
How much: €200m
For what: To invest in seed and Series A-stage businesses involved with SaaS, fintech, digital health and consumer mobile apps.
What they said:

Nenad Marovac, founder and CEO at DN Capital and vice-chairman of InvestEurope, said:

“Our guiding principle from day one has been for DN’s two founders to remain actively involved in every investment decision made by the firm.

“We were founded immediately after the tech bubble burst and raised our second fund as the global financial system went into meltdown, so we know what it’s like to be entrepreneurs in the face of adversity.

“We bring that experience to bear in the hands-on way we support the founders in our portfolio by providing ongoing advice, connections, introductions, partnerships and mentorships – capital is only the start.”

Insurtech start-up Anorak raises £4m to make insurance more accessible to consumers

Who: Insurtech start-up Anorak
How much: £4m
For what: To make insurance more accessible to consumers
What they said:

David Vanek, co-founder and CEO, said:

“Current distribution channels have failed to make life insurance accessible. We are remodelling the entire experience so it’s easy to make the right decision.

“Using data science and software engineering, we have digitised the entire journey, including policy rating and matching, ‘translating’ insurance jargon into plain English, to empower people to make the right choices about their life insurance.

“We see ourselves as a smart data company that delivers independent insurance advice, founded on trust and transparency.”

Fruit crisp brand Spare Fruit bags £420,886 on Seedrs

Who: Fruit crisp brand Spare Fruit
How much: £420,886 for 21.65% equity
Who are the investors: 
Individual investors on crowdfunding platform Seedrs
For what: Spare Fruit’s Seedrs page read: “We intend to develop at least 11 new product lines, across new varieties, flavours and formats creating opportunities in a wider range of sales outlets, enhancing on-shelf presence and increasing rates of sale.”
What they said:

“Our vision is to become the Europe’s leading sustainable snack brand available in supermarkets and independent retail outlets

“Our aim is rescue thousands of tonnes of fresh fruit that would otherwise be wasted, and raise awareness of food waste amongst millions of consumers and thousands of businesses.”

Realtime wellbeing analytics platform Me@MyBest raises £774,161

Who: Me@MyBest
How much: £774,161
Who are the investors: Individual investors on crowdfunding platform Seedrs
For what: The money raised will primarily be utilised to grow me@mybest into a market leader in the wellbeing space and is expected to take them through to a significant Series A round.

24/7 private healthcare app Qured raises over £1m on Seedrs

Who: Qured
How much: £1,162,206
Who are the investors: Investors on crowdfunding site Seedrs
For what: The money raised will primarily be used for a marketing campaign to roll-out the app London wide