Finance Friday: Who raised funding this week? January 8-12

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

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

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


Recruitment software tool that rates ‘culture fit’ of candidates raises £130,000

Who: ThriveMap
How much: £130,000
Who are the investors: Backed by Belron, the start-up was a winner of the Belron Drive accelerator and Lmarks early stage investment fund.
For what: ThriveMap says it will use the fresh funds to build API integrations, drive market awareness, and pursue a “ground-breaking new feature”.
What they said:

Chris Platts, CEO of ThriveMap, said:

“We are very excited about this latest round of funding and are grateful for the support we have received from Belron, LMarks and our angel investors.

“The experience and expertise our investors bring is invaluable as we look to work with more customers that care about culture fit when hiring.”

London-based cyber security start-up Anon AI raises investment

Who: Anon AI
How much: £340,000
Who are the investors: The UCL Technology Fund alongside the London Co-Invested Fund, AI Seed and Ascension Ventures
For what: Anon will use the fresh injection of cash to enhance its prototype model and build a developer tool with the UCL community.
What they said:

Harry Keen, CEO of Anon AI, said:

“We are excited to be working with UCL’s machine learning experts to create intelligent, commercially viable software, which we can begin rolling out to our waiting list of potential clients.

“This investment will enable us to create a tool that addresses one of the biggest challenges facing businesses today: avoiding the potentially catastrophic consequences of a data breach, while tapping into a vast source of opportunity.”

“Airbnb for luggage” CityStasher raises $1.1m

Who: Sharing economy network for left-luggage, CityStasher
How much: $1.1m
Who are the investors: Led by Venture Friend, the funding round also included HOWZAT Partners, Charlotte Street Capital, and various angel investors
For what: European expansion
What they said:

Jacob Wedderburn-Day, CEO of CityStasher, said:

“We’re delighted to have brought together such an illustrious team of backers to support CityStasher’s next phase of growth. They bring in a wealth of expertise from across the leisure, hotel and storage spheres which will prove hugely valuable as we look to further our European expansion.”

Young Gun-founded Snaptrip raises £2.1m and acquires Last Minute Cottages

Who: Last minute holiday rental provider Snaptrip
How much: £2.1m
Who are the investors: Led by existing backer Bestport Ventures, the funding round also included Snaptrip.com’s other institutional shareholder Forward Partners.
For what: To acquire Last Minute Cottages
What they said:

Commenting on the funding and acquisition, Matt Fox, CEO of Snaptrip.com, said:

“This acquisition demonstrates our commitment to the last minute cottage market, and our focus on dominating the huge opportunity to help managers and owners of holiday rental properties to sell off unsold inventory for spontaneous, bargain hunting consumers.

“Due to the quality and lifespan of the websites operated by Last Minute Cottages, they each have a really strong organic search engine presence.

“The resulting site traffic will provide us with a fantastic boost to our growing position as the UK’s biggest and best ‘last minute’ self-catering brand.

“This will be Snaptrip.com’s first time working with individual homeowners.

“While Snaptrip.com lists the inventory of professionally managed rental agencies such as Sykes Cottages, Cottages.com, Hoseasons, Holiday Cottages and the Original Cottage Company, Last Minute Cottages works with individual owners who advertise their properties with the websites.

“We’ve previously had a lot of owners express interest in adding their properties to Snaptrip.com and this gives us a platform to work with.

“With the additional websites that Last Minute Cottages operate, our plan is to maintain the existing sites as they are, upholding links with owners and growing the traffic and bookings across all our portfolio businesses.”

Clitheroe-based door handle manufacturer Loxta Hardware raises £50,000

Who: Loxta Hardware
How much: £50,000
Who are the investors: Business Finance Solutions
For what: The fresh funds will allow the Lancashire business to purchase additional stock and export to Europe and the Middle East – its first foray into the international market.
What they said:

Shaun Singh, founder and director of Loxta Hardware, said:

“We created Loxta to bring a new era of exceptional engineering to the interior hardware industry and BFS were immediately able to see the national and global potential of our products.

“We have immediately invested the funds in the development of a full range of new door fittings solution and as a result we are able to really develop both our trade client base and our export strategy.”

The Plum Guide raises £5.7m Series A to test London’s best holiday homes

Who: The Plum Guide
How much: £5.7m worth of Series A funding
Who are the investors: The funding round was led by Octopus Ventures, and also included GF Ventures and the founders of Secret Escapes, ZOOPLA, and Love Film
For what: Further growth
What they said:

Doron Meyassed, co-founder of The Plum Guide, said:

“We are on a mission to build a marketplace of the world’s most beautiful holiday homes. For real. I say for real, because this isn’t some vague qualitative ambition. We mean it.

“We are taking a systematic and obsessive approach to vetting every single home on the planet and accepting only the top 1%. For a home to be accepted it has to pass 150 criteria.

“These criteria, which we call “The Science & Art Behind The Perfect Stay” represent what we believe are the ingredients of the perfect stay.

“They have been devised by collecting over 541,000 data points across 1,082 London homes (to date) on what makes this all-elusive perfect stay.

“We’re incredibly excited about using this funding to roll out Plum internationally and doubling down on optimising The Science and Art Behind the perfect stay.”

Tech enabled boiler installation start-up Hometree raises £2.9m

Who: Hometree
How much: £2.9m
Who are the investors: The round was led by Literacy Capital and also included the former joint chief operating officer and board member of Capita, Dawn Marriott-Sims
For what: The energy start-up will use the fresh injection of cash to begin boiler installations in key towns and cities throughout the South East, Southampton and Bristol during summer 2018.
What they said:

Simon Phelan, co-founder and CEO of Hometree, said:

“We’re thrilled that without even looking for new money we have attracted investment from some of the City’s most experienced investors and business leaders with exceptional operating experience at the highest levels.

“We have grown rapidly in our first trading year but this fresh injection of capital will enable us to scale faster than we anticipated.”

London-based market intelligence start-up Tussell raises £1m seed 

Who: Tussell 
How much: £1m seed
Who are the investors: Investment came from Lord Young of Graffham, Mike Soutar and Tim Ewington, the co-founders of Shortlist Media; Donal Smith, the co-founder of FinTech firm Credit Benchmark; and Duncan Calam, a partner at Bridgepoint
For what: To drive continued growth
What they said:

Gus Tugendhat, founder of Tussell, said:

“Tussell fills a crucial gap in the market, providing context and intelligence on public sector procurement, a marketplace worth £144bn in 2017, which nevertheless has not been easy to analyse – until now.

“Deep insight into this huge and influential marketplace is now available to all buyers and suppliers, helping to make public procurement more open and competitive.”

Fintech Previse bags £800,000 R&D grant from Scottish Entreprise

Who: Previse
How much: £800,000
Who are the investors: Scottish Entreprise
For what: To open a new development centre in Glasgow, creating 37 data science jobs.
What they said:

David Brown, Previse’s co-founder and chief product officer, said:

“Late invoice payments is a global problem. Failing to pay on time for the goods and services is not only morally wrong, it makes no commercial sense.

“It drives up the cost of business for small firm suppliers which, in the end, will feed through into purchasing costs for buyers. After all, there is no such thing as free money.”

Insurtech start-up Digital Fineprint raises £2m

Who: Digital Fineprint
How much: £2m
Who are the investors: The funding round was led by Pentech and included Force Over Mass
For what: To recruit more staff
What they said:

Erik Abrahamsson, CEO of Digital Fineprint, said:

“Partnering with Pentech is an amazing milestone for Digital Fineprint and the whole team is excited about this great opportunity.”

Goji, a London-based fintech, has said its raised a ‘seven figure’ Series A sum

Who: Goji
How much: A ‘seven figure’ Series A sum
Who are the investors: Investors included Anthemis’ Venture Fund 1 (AVF1) and AXA Strategic Ventures (ASV)
For what: Goji will use the cash to continue developing its platform and product pipeline, including its diversified P2P lending bond.
What they said:

Jake Wombwell-Povey, CEO of Goji, said:

“Confidence in Direct Lending as an asset class is picking up pace and the investment Goji has received from Anthemis and AXA Strategic Ventures, both highly regarded industry players, is testament to this.”