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CHIP CLOSES £6.5M SPRING CROWDFUND, RAISING £1M IN 8 MINUTES
Chip recently announced the closing of their £6.5m crowdfund on Crowdcube with £1m raised in just eight minutes. Chip has its sights firmly set on becoming a saving and investment super app. In their latest crowdfunding raise, Chip closed £6.5m from 9,000 investors crowning itself as one of the largest crowdfunded FinTech businesses across Europe. Chip's CEO and founder Simon Rabin said, “Our investor community is at the heart of everything that we do in allowing our customer
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GOODLORD MAKES ANOTHER ACQUISITION
In an exciting move forward, Goodlord has completed the acquisition of acasa, an app that enables housemates to easily split bills among themselves. This will bring additional functionality to Goodlord’s growing tenant user base. The benefits will also be felt by letting agents as pointed by Tom Mundy, Goodlord’s COO; “For letting agents, it will make offering additional services - such as utility switching and broadband set-up - even easier, whilst enabling them to benefit f
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CONNECTD CLOSES £700K+ SEED ROUND
Connectd, a three-sided marketplace which seeks to bring together startups, investors, and advisors has successfully finalised their seed round of £700k+. Launched in February 2020, Connectd has grown strongly, averaging 15% month-on-month growth on subscriptions, and has helped nearly 100 businesses raise capital to date. Scalar North Capital are pleased to have been an early investor in Connectd and have thus built up a very strong relationship with the Connectd team. Josh
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IS THE INCREASE IN DIGITAL ADOPTION SEEN THROUGH THE COVID-19 PANDEMIC HERE TO STAY?
Article by Abhipriti Sanjana In March 2020, when countries around the world started imposing restrictions one by one, other than the evident disruption to normal life, one particular aspect that changed drastically was the pace of adoption of technology. Be it in developing world or ‘Western’ economies, the rate of digital adoption increased exponentially. Video conferencing tools like Zoom and other remote working channels like Slack have now become the norm. Needless to say
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KAMMA CLOSES £1.6M ROUND TO CLEANSE REG-DATA
Property licensing is complex, inconsistent, and ever-changing in the private rented sector in the UK. To solve this, London-based Prop/RegTech platform Kamma offers proprietary technology that detects, cleanses, and aggregates huge volumes of divergent and ever-changing regulatory information. The UK-based startup has recently secured an additional £1.6m of funding. The investment was led by Triple Point, which also included investments from Pi Labs and M7 Structura. So far,
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PANDO ANNOUNCES NEW BACKING
Scalar North Capital portfolio company and London-based Forward Health, the healthcare communications tool launched by UK doctors, has rebranded to Pando Health and announced new funding from Skip Capital of €4.5 million as it accelerates plans for international launch. Read more here.
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KEYNEST PARTNERS WITH BOOKING.COM
KeyNest has secured a global partnership with Booking.com. Starting with UK and France, KeyNest key collection instructions will be available directly inside their Guest App, thanks to Booking.com's new direct integration with KeyNest.
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PANDO ADDED TO NHS APP LIBRARY
Scalar North Capital investment Pando added to NHS app library, "since COVID-19 the app has seen a 700% increase in users." The clinical messaging app has been officially added to the NHS Apps Library. Read more here.
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GOODLORD RAISES OVER £10M SERIES B
Following a year of rapid growth, Goodlord now processes more digital tenancies than anyone else in the market and is being used across the UK by hundreds of letting agents. Goodlord closed their £10m Series B led by Finch Capital and Latitude Ventures, the Series B+ sister fund to VC firm LocalGlobe, alongside Oxx as new investors. Read more from Goodlord's blog here.
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ORBITAL WITNESS SCORES £3.3M IN FUNDING
Orbital Witness, the UK based LegalTech startup developing AI-powered software to transform the £4bn UK property due diligence market, has closed a £3.3m round of funding. The round was led by LocalGlobe and Outward VC, bringing Orbital Witness’s total funding to £4.5m. Having launched with its first customer in September 2018, Orbital Witness is now used by numerous large law firms, including four of the five “Magic Circle” firms. Orbital Witness’ long-term vision is to buil
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