Finance Friday: Who raised funding this week? January 29-February 2

A round up of just some of the UK's best start-ups and small businesses who raised funding this week. Read on below on how to get featured

London-based healthtech businesses Medopad raises $28m Series A and secures trade deal worth over £100m

Who: Medopad
How much: $28m
Who are the investors: China’s NWS Holdings
For what: The latest installment of funding will help Medopad to continue its international expansion
What they said:

Dan Vahdat, CEO of Medopad, said:

“We now have several amazing strategic investors in the business, which is a great achievement for us as we gear for significant growth and scale our business. Managing population health is one of the greatest challenges for governments across the world.

“As such, the investment appetite for solutions that address and manage this concern is substantial. We are proud to be at the forefront of solving this problem and supporting people around the world.”

“We will be opening a number of offices across the world and hiring the most talented people as we grow our regional partnerships.

“Our mission at Medopad is to help patients suffering from the most complicated diseases receive better care and live longer and healthier lives with their loved ones.”

Ahauz, a proptech looking to help first time buyers get on the property ladder, raises £2.9m

Who: Ahauz
How much:
Who are the investors: £300,000 came from early-stage investor Forward Partners, while £2.6m came from high-net worth property investors
For what: The fresh funds will be used to fund contributions towards the deposit of first time buyers in the UK.
What they said:

João Rocha, co-founder of Ahauz, said:

“We are excited to officially launch Ahauz and to be able to increase the options for so many aspiring first time buyers, while removing the need to save for a back breaking deposit.”

One Utility Bill raises £650,000 to streamline household bills for generation rent

Who: One Utility Bill
How much: £650,000
Who are the investors: Jeremy Middleton CBE of Middleton Enterprises and Pi Labs
For what: National growth
What they said:

Chris Dawson, co-founder of One Utility Bill, said:

“Paying for and splitting utilities bills is a source of needless frustration for tenants and homeowners up and down the country.

“One Utility Bill’s mission is to remove these unnecessary pain points, and we’re looking forward to expanding our product offering and customer base this year with the support of our investors.”

Bodle Technologies raises £6m Series A to change display tech

Who: Oxford University spin-out Bodle Technologies
How much: £6m Series A
Who are the investors: Led by Parkwalk Advisors, the funding round also included Woodford Patient Capital Trust, Oxford Sciences Innovation and the Oxford Technology and Innovations EIS Fund (OTIF).
For what: To advance the start-up through its prototype stage
What they said:

Mike Clary, CEO of Bodle Technologies, said:

“Electronic displays continue to be outnumbered by the vast number of static, non-digital displays around us – in the form of permanently printed text and graphics.

“Our technology offers the chance to seamlessly integrate displays onto the surfaces and objects around us. It enables a natural display of vivid colours, which is unconstrained by hard-wired mains power or excessive battery drain, which even acts in no-energy mode when required.”

Smart battery start-up Moixa raises £5m and lands partnership with Itochu in Japan

Who: Moixa
How much: £5m
Who are the investors: Itochu Corporation
For what: Moixa will now launch its GridShare platform into the Japanese market
What they said:

Simon Daniel, CEO of Moixa, said:

“Itochu is a major player in the global battery market and this partnership provides a real opportunity for us to expand our business in Japan and provide GridShare technology to many global battery companies.

“GridShare optimises the performance of home batteries by learning patterns of household energy use and solar generation, and adjusting to local weather and energy price signals.

“It can also help customers make more money by using their spare battery capacity to provide services that help utilities and electricity networks balance supply and demand.”

Reading-based drone management platform Altitude Angel raises $5.4m Series A

Who: Altitude Angel
How much: $5.4m Series A
Who are the investors: Led by Seraphim Space Fund, the funding round also included ADV and Frenquentis AG.
For what: To open new offices in Europe and North America
What they said:

Richard Parker, founder and CEO of Altitude Angel. said:

“Drones have the power to revolutionise business and transform lives.

“We’re at the start of an aerial revolution that’s driven by low-cost drone hardware. Altitude Angel’s technologies are key to unlocking their potential to be flown autonomously, without a human pilot, ensuring they’re safe and fit in with other aviation traffic and stakeholders.”

Muzmatch, a dating app for Muslims, raises £1.5m

Who: Muzmatch
How much: £1.5m
Who are the investors: Hambro Perks, Y Combinator, and FJ Labs
For what: Muzmatch will use the fresh funds to expand internationally
What they said:

Shahzad Younas, CEO and founder of Muzmatch, said:

“With Muzmatch our goal is to be the biggest app for Muslims worldwide looking for a partner. That is potentially some 400 million people. This brings its own challenges as we navigate the diverse Muslim demographic with many differences in culture, language and religious sensibilities.

“We’ve already made huge headway, and with this sizable seed round we have the means to focus on building on our game-changing product for what is a very underserved market.

“In addition to the global investors we have secured, we are delighted to have a leading UK investor such as Hambro Perks on board. They loved our vision, our product and the strong foundations we had already built.

“They will be an invaluable asset as we look to scale Muzmatch globally and fulfill our ambition of being one of the standout British Tech success stories.”

Caerphilly-based Signum Health raises £400,000 in equity finance

Who: Welsh start-up Signum Health
How much: £400,000
Who are the investors: The Development Bank of Wales
For what: Signum Health have appointed the former CEO of Imperial College NHS Trust and founder of the first Academic Health Science Centre in the UK, Professor Stephen Smith FMedSci, as its chairman.
What they said:

Victoria Norman, CEO of Signum Health, said:

“This latest round of investment will help us to take Signum Health to the next stage of its development. We are already helping GPs surgeries around the UK and we can’t wait to see Signum Health used in every surgery in the country.

“Having someone with the experience of Professor Smith coming on board as our Chairman is further validation that Signum Health is innovating in this field and is a much-needed service for the NHS. We are thrilled to welcome him as part of the Signum Health team.”

London fintech start-up Duco raises $28m Series C to hit $100m valuation

Who: Duco
How much: $28m Series C
Who are the investors: Investors included Insight Venture Partners, NEX Opportunities and Eight Road Ventures – as well as ex-CEO of SunGard Cristobal Conde
For what: To further European and US expansion and recruitment – as well as open an Asian base.
What they said:

Christian Nentwich, CEO of Duco, said:

“Duco’s approach to solving complex data problems in financial services is to empower experts with self-service solutions.

“We have gained considerable traction as the industry looks for intelligent answers to evolving new market realities.

“Our clients have engaged us globally at a strategic level and are relying on our proven ability to deliver at scale.

“This investment enables us to push further in applying our natural background in computer science to solving fundamental industry problems, while strengthening our resources to deepen relationships with our existing client base.”

Manufacturing investment fund British Design Fund backs 3 start-ups

Who: Headphone innovators Kokoon Technology, fashion footwear brand Calla Shoes, and KTech Manufacturing
How much: £500,ooo
Who are the investors: 140 investors via The British Design Fund
What they said:

Damon Bonser said:

“Innovative small businesses like Calla Shoes, Kokoon, and KTech represent the best of British business, creating exceptional new design-led products that deliver genuine value to their users. We’re delighted to be supporting their development and growth.

“The UK fosters so much amazing design talent and creates many of the world’s greatest product design leaders, yet there is an unbelievable lack of funding into early stage, well designed, product businesses.

“Most product start-ups rely on innovation grants and crowdfunding platforms to get their first products off the ground – if they’re lucky.

“The British Design Fund aims to fill that gap and help entrepreneurs significantly increase their chance of success by providing capital as well as expertise, in what’s become a highly competitive sector.”

Anti-fake news start-up Factmata closes $1m seed funding round

Who: London-based Factmata
How much: $1m seed funding
Who are the investors: Investors included Biz Stone of Twitter, Craig Newmark of Craiglist, Mark Cuban, Ross Mason, Mark Pincus and Sunil Paul.
What they said:

Dhruv Ghulati, founder of Factmata, said:

“It’s inspiring that some of the leading internet pioneers have decided to back Factmata’s vision and technology.

“This round allows us to focus on building out the ambitious architecture that will solve some major upcoming problems on the internet – reducing online misinformation, screening questionable content and providing more context on what is already out there.”

Networking app for mothers, Mush, raises £2m

Who: Mush
How much: £2m
Who are the investors: The funding round was led by Octopus Ventures
For what: Mush say the fresh injection of funds will “reinforce the platform’s efforts to use social media as a force for good.”
What they said:

Katie Massie-Taylor, co-founder of Mush, said:

“Mush was launched to make sure that no mum feels alone in those crazy days of becoming a parent.

“Our platform has the power to help address taboo topics like loneliness, post-natal depression and low self-esteem that is felt by hundreds of thousands of women across the UK.

“We see first hand the voracious appetite from millennial mothers for more human interaction and the desire to build a real life community amongst them, to celebrate the highs and the lows of being a mum.

“Since launching 18 months ago, Mush has evolved from a basic ‘dating app’ to a fully fledged support and advice network for mums.

“We are excited about how this recent investment will enable us to further develop Mush’s feature set to help more mums across the UK and beyond.”

UK insurtech Inzura raises $1m to accelerate international expansion

Who: Insurtech Inzura
How much: $1m
Who are the investors: Backers included Julian Edwards – CEO of MCE Insurance, Michael Blaney – MD of Autoline Insurance Group, Phil Bunker – partner in ABC Investors and former MD of LV Broker, Paul Cosh – former director of Budget Insurance Group and Highway Insurance Group plc, and Hauw-Quek Soo Hoon – a Singapore-based investor.
For what: The fresh funds will allow Inzura to accelerate new technology developments
What they said:

Richard Jelbert, CEO and co-founder of Inzura, said:

“Our strategy is to help insurers engage with their customers via access to rich data from smartphones. The next step is to use this rich data to deliver enhanced, personalised insurance services.

“Customer demands are evolving rapidly, and our technology allows insurance providers to keep pace with that change, without having to rip out all legacy systems.

“Inzura’s sales figures have doubled year on year since we started, and we expect this trend to continue as the business advances.”

BidtoTrip, the “eBay for luxury hotel deals” raises £237,290 on Seedrs

Who: BidtoTrip
How much: £237,290
Who are the investors: Investors on crowdfunding site Seedrs.
For what: Proceeds will primarily be used for marketing purposes, but also for improving the website and UX.

Indoor gardening system Gartenzwerg raises £117,352

Who: Gartenzwerg
Who are the investors: Investors on crowdfunding site Seedrs
For what: Having successfully built and tested a Gartenzwerg prototype, the team will use proceeds from the funding round on getting the product ready for mass production and on growing their research capabilities.