Who raised funding this month? February

While most of the country has been engulfed in a deep freeze, start-ups have been busy raising finance. Here’s our monthly round-up of those that did


Predictive analytics software business MediaGamma scoops £2m

Who: MediaGamma
How much: £2m
Who are the investors: The UCL Technology Fund, ParkWalk Advisors and the London Co-Investment Fund (LCIF)
For what:
The investment will enable MediaGamma to create a SaaS product and grow its team

SaaS ‘people analytics’ firm Peakon raises $22m for US, German and APAC expansion

Who: Peakon
How much: $22m (£15,979,700)
Who are the investors: Led by Balderton Capital, the funding round also included existing investors EQT Ventures, IDInvest Partners, and Sunstone.
For what:
International expansion

Online laundry and dry-cleaning service Laundryheap raises £899,087 via Seedrs
Who: Laundryheap
How much: £899,087
Who are the investors: Investors on crowdfunding site Seedrs
For what:
The funds raised will be used to improve UX in the mobile apps, continue international expansion, reaching 6 new cities by the end of 2018, and to further develop the team.

Kindred Capital raises £80m seed investment fund

Who: Kindred Capital
How much: £80m
Who are the investors: High net-worth individuals
For what:
To back early-stage tech start-ups

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

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.

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

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

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

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

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

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.

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.

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.

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

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.

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.”

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.

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

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

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, Booking.com co-founder Andy Phillipps, and former KKR Partner Henrik Kraft
For what: To aid US expansion.

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.

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

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.

Manchester-based adtech start-up PowerLinks raises £5.48m Series A ahead of US expansion

Who: Powerlinks
How much: £5.48m
Who are the investors: Primarily backed by Foresight Group, with additional investment from angel investors and PowerLinks management.
For what: The Salford Quays-based business will use the funds to aid US expansion, and has also announced serial adtech entrepreneur Alex Rahaman as its new chairman.

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.

Online estate agency Home Made raises £850,000 seed funding

Who: London-based proptech Home Made
How much: £850,000
Who are the investors: Private equity firm Tethys Equity led the investment round.
For what: Home Made plan to spend 25% of the seed funding on tech development, focused on the customer experience and operational efficiency. While 40% of the budget will be used on operations, to ensure the quality of its service remains at the highest level.

On-demand GP service ZoomDoc raises £540,695 from the crowd

Who: ZoomDoc
How much: 
£540, 695
Who are the investors: Investors on crowdfunding site Seedrs.
For what: The money raised will be used to scale-up and invest strategically to accelerate the national expansion of the GP workforce and to ensure the best team is in place to take the business forward.

Gravity Sketch, a VR and 3D design software start-up, raises £1.2m seed

Who: Gravity Sketch
How much: £1.2m seed funding.
Who are the investors: Led by Forward Partners, the funding round also included San Francisco-based VC Super Ventures, and Japanese company Wacom.
For what: Gravity Sketch will use the fresh funds to continue to build its 3D software.

Rezatec raises £2m to expand its delivery of satellite-driven data analytics

Who: Rezatece, a leading provider of geospatial data analytics to the infrastructure, forestry and agribusiness sectors.
How much: £2m
Who are the investors: Caphaven Partners led completion of the two-stage round with support from existing investor Run Capital and new investor Newable Private Investing (NPI) through its Scale Up Fund 1.
For what: To drive Asia-Pacific expansion.

Cambridge-based data integration platform GeoSpock raises £4.7m Series A

Who: GeoSpock
How much: $6.6m (£4.7m)
Who are the investors: The funding round was led by Cambridge Innovation Capital and included existing backers Parkwalk advisors and Sir Michael Marshall as well as Global Brain and 31 Ventures.
For what: To drive further growth

AI-powered employee insights service StatusToday bags £2,797,509 seed funding

Who: StatusToday
How much: £2,797,509 seed funding ($3.91)
Who are the investors: The funding round was led by LocalGlobe, with participation from Notion Capital and Firstminute capital.
For what: The fresh injection of cash will be used to attract more clients and hire more people.

Scottish health and safety software business SHE Software raises £3m

Who: SHE Software
How much: £3m
Who are the investors: NVM Private Equity
For what: To drive international expansion

Homie, a London-based proptech that caters to renters, has raised £2.85m

Who: Homie
How much: £2.85m ($4m)
Who are the investors: The funding round was led by Connect Ventures and included Seedcamp, Venture Friends and The Family.
For what: To further develop its platform.

UCL spinout and AI start-up Re:infer raises £2.5m

Who: Re:infer
How much: £2.5m ($3.5m)
Who are the investors: Led by Touchstone Innovations, the funding round also included Crane Ventures, Seedcamp and Dr Jason Kingdon, an AI pioneer
For what: To recruit more sales and marketing personal and further develop its cognitive automation

Online marketplace for property rentals Vesta raises £2.1m seed funding

Who: Vesta
How much: £2.1m
Who are the investors: Investors included Bob Wigley, chairman of UK Finance and ex-chairman of Merrill Lynch EMEA; Chris Lacey, until recently head of residential capital markets at CBRE; David Ritchie, former CEO of Bovis Homes; Keith Morris, former chairman and co-owner of Sabre Insurance; and David Toplas, Vesta’s founder and CEO of Mill Group
For what: UK expansion

Mercia awarded £23m Midlands Engine Investment Fund to invest in early stage businesses

Who: Mercia
How much: £23m
What is it: The Midlands Engine Investment Fund is an early stage equity fund
For what: The fund will be used to invest in early-stage businesses in rounds of up to £750,000 with additional funding potentially coming from Mercia’s EIS Funds into early-stage and growth companies.