The latest venture capital, seed, pre-seed, and angel deals for London startups for 12/5/2022 featuring funding details for Token, BVNK, and much more.
Rensair $7M for its Commercial Hospital Grade Air Purifier That’s Bringing People Back to the Office Safely
Calls for employees to return to the office have been a source of anxiety according to a recent survey of 1000 UK workers conducted by Slack. One of the reasons cited is concern about indoor transmission within the office space. Most commercial spaces do not have the proper ventilation required to fully mitigate COVID transmission and these spaces will require significant upgrades that are not only expensive but also require a significant amount of time before they can be deployed. Rensair has built a portable, hospital-grade air purifier for commercial settings that removes particles from the air including pollen, allergens, mold, viruses, and bacteria. The unit, which can be wheeled to wherever it’s needed most, uses a combination of UVC and industry-leading HEPA technology to destroy 99.97% of airborne bacteria and viruses. A single unit cleans 560 cubic metres in an hour. Rensair is being used in care homes, schools and universities, hospital and healthcare settings, and offices. The filters and UVC light need to be replaced only once a year, making the units practically maintenance-free. Rensairs are available for purchase or can be rented for as low £89/mo with delivery in less than a week. London TechWatch caught up with Rensair Cofounder and CEO Christian Hendriksen to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…
The London TechWatch Startup Daily Funding Report: 11/5/2022
The latest venture capital, seed, pre-seed, and angel deals for London startups for 11/5/2022 featuring funding details for Guider and much more.
Symmetrical.ai Raises $18.5M for its Global Payroll Platform That’s Disrupting the Industry with APIs
While the pandemic initially was rooted in isolation, the rapid adoption of technology to support remote workforces led to the increasing availability of an unprecedented global talent pool. While accessing this new pool has brought benefits to employers, managing payroll and other HR functions has now become more complex. Symmetrical.ai has built a global payroll platform that handles the end-to-end payroll process for employers and employees with automation and sophistication. The company is focused on seamless integration through its modular-based system that uses APIs to connect with existing technology stacks. Designed to meet the needs of a modern workforce, Symmetrical handles onboarding, employee management, on-demand payments as employees earn, gig workers, temporary workers, as well as standard employees. The company has navigated the compliance landscape across the countries it operates in to ensure clients are protected against ever-changing laws and Symmetrical can serve as the employer of record on behalf of clients. London TechWatch caught up with Symmetrical.ai Cofounder and CEO Piotr Smolen to learn more about the business, the company’s strategic plans, his vision to bring payroll into a function that requires only two API calls, latest round of funding, which brings the total funding raised to $26.4M, and much, much more
The London TechWatch Startup Daily Funding Report: 10/5/2022
The latest venture capital, seed, pre-seed, and angel deals for London startups for 10/5/2022 featuring funding details for Lollilop, Rensair, and much more.
Monspire Raises £600K For its Cash Flow Management and Lending Platform for Small Businesses
Cash flow is the best indicator of a company’s financial health and optimizing cash flow can be the difference between keeping the lights on and having to shut down. As global macroeconomic conditions worsen and businesses are scaling back, managing cash flow becomes even more critical. Monspire is a cash flow management platform for small businesses that also provided integrated lending options for working capital needs that leverages AI to understand when and where a business will need additional funding. The platform leverages open banking so that businesses can get a full understanding of their business’s cash flow in real-time, while also getting accurate forecasting. For any periods of gaps, Monspire steps in and plugs the hole with its lending solutions. While finances are critical for any business, many business owners just don’t have the time to dedicate to managing finances while juggling all other facets of operations. Monspire, short for Money Inspired, makes it seamless by proving a singular view of a company’s financial health. London TechWatch caught up with Monspire Cofounder Simon Draper to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…
The London TechWatch Startup Daily Funding Report: 9/5/2022
The latest venture capital, seed, pre-seed, and angel deals for London startups for 9/5/2022 featuring funding details for Quality Clouds and much more.
#Londontech Week in Review: 1/5/22-7/5/22
6 new fundings totaling £24M+ in deal activity for London startups for the week. London Tech News for the week ending 7/5 featuring news for Bundlr Network, Tell Money, and much, much more.
The European Tech Weekly Notable Startup Funding Report 9/5/22
The European Tech Weekly Notable Startup Funding Report takes on a trip across various ecosystems in Europe, highlighting some of the notable funding activity in the various markets that we track. The notable European Tech startup fundings for the week ending 7/5/22 featuring funding details for DRUID, Unifly, and four other European deals representing £245M+ in new funding that you absolutely need to know about.
Bundlr Network Raises $5.2M for its Decentrazlized Platform That Makes Data Storage on Web3 Seamless
Arweave is a permanent hard drive built on the blockchain that can serve as a permaweb archive. Anything you want to be stored across a decentralized network can be verified cryptographically with its own currency token incentivizing host nodes and miners. While the possibility of storage amount is infinite, transactions can be slow as the protocol scales and user interest increases. Bundlr Network is a decentralized multichain platform that speeds up data storage on Web3 on Arweave. Users pay a one-time fee with any major token, receive unlimited storage, and can upload data from any major blockchain while having instant access to the data. The company reports that upload and read speeds are 3000x faster than using Arweave on its own. Bundlr Network is currently views NFT marketplaces as its target customer but the solution is versatile enough to handle anyone with decentralized data storage needs. London TechWatch caught up with Bundlr Network Founder and CEO Josh Benaron to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…