Omnipresent Group to extend reach after £1.5m investment
Omnipresent Group, a remote working start-up which helps companies comply with international regulation, has raised $2m (£1.5m) in a seed round led by Playfair Capital and Episode 1 with other investors Entrepreneur First, Truesight Ventures, Charlie Songhurst, Andrew Goodman, Akash Gupta, Srin Madipalli and Ian Hogarth also participating.
The financing will be used to extend Omnipresent’s reach in international markets.
Playfair Capital is a London-based investment firm that provides seed-level funding to tech businesses including CryptoFacilities, Mapillary, Ravelin, Stripe, Thought Machine and Trouva.
Episode 1 is a seed-stage venture capital fund, which invests £500k – £2m in early-stage software companies in the UK.
Bambi Dynamic mobilises £4.6m for global launch
Bambi Dynamic, a data-and-connectivity-driven platform for mobility insurance products, closed its Series A funding round. MS&AD Ventures led the round which also included existing investor The Phoenix Insurance Company Ltd.
Bambi has secured a total of $6m (£4.6m) in funding which it is using to help the global launch of its platform.
MS&AD Ventures is the venture capital arm of Japanese insurance and financial services provider MS&AD Insurance Group.
BibliU shelves £6.5m in Series A funding
BibliU, a digital education platform which provides students with digital access to their textbooks and libraries, has raised £500,000 as part of a Series A extension funding round, supported by Angel Investment Network.
The London-based company received the funds in addition to its £6.5m Series A funding, which is being used to meet surging demand due to COVID-19.
Angel Investment Network is an online platform connecting startups with a global network of angel investors with investments ranging from £10,000 to £1m.
PPRO oversees £38.2m investment
PPRO, a local payments platform-as-a-service, closed a $50m (£38.2m) financing round led by Sprints Capital with participation from existing investors Citi Ventures and HPE Growth.
PPRO will use the funds to scale the organisation and accelerate strategic growth plans for its global platform.
Citi Ventures is a corporate venture arm of Citi Bank and seeks to invest in the financial services and technology, data analytics, commerce and payments, marketing, and proptech sectors.
Lick hits home with £3m funding round
Lick Home, the direct-to-consumer home decor company, has raised £3m in a funding round is led by Felix Capital.
The money raised will support the start-up’s plans to compete for market share and increase customer service capabilities.
Felix Capital is a London-based venture capital firm that invests in emerging digital consumer brands and related enabling-technologies. Since 2015, Felix has raised over $600m for early-stage and growth.
Further reading
Deals of the week, July 30 to August 6 – Growth Business roundup
