Maven Capital Partners led the Series A round with participation from Scottish Enterprise and existing backers.
"This investment is a game changer for us and really sets us up for our next big phase of growth. We have always taken a test and learn approach to our investments in growth and that has not only kept us in control of our destiny as shareholders but has carried us through some of the most testing times for businesses that we have ever seen. I am excited that in partnership with Maven we will be able to accelerate our growth and capitalise on the massive market opportunity"
Foresight Group has backed NorthWest EHealth with £3m in growth capital.
"The pandemic has strengthened the need for increased data integration to enable rapid trial design, recruitment and remote follow-up. Whilst our software meets many of these needs already, this investment means we can significantly accelerate our development and deployment programmes."
The round was led by NorthStar Ventures with backing from Shazam co-founder Dhiraj Mukherjee and UK Research and Innovation.
"NorthStar believes that the next innovation wave is about impact at scale. In the UK alone there are up to 20 Million potential volunteers, 10 Million care recipients and millions more young people, homeless and eco projects urgently needing support. onHand is the first cloud platform to enable volunteers and those needing support to be matched via an app, using geolocation, security checks, and machine learning to deliver the best experience to both sides at scale. Employers know that volunteering improves the satisfaction and ultimately the productivity of their employees, and thus are key partners in onHand’s rapid UK expansion. We are excited to become an early investor in onHand’s journey"
The round was backed by IQ Capital, Eos Venture Partners, and Winton Ventures to enhance product capabilities and expand internationally.
"The amount of support we have received thus far is humbling, and just goes to show the gap there is in the market for our offering. Cybersecurity solutions are often tailored to large enterprises with extensive teams and resources, whilst SMEs are left behind. With the help of our investors, we are challenging this mentality,"
The fintech startup has closed a seed round exceeding its original target after drawing support from brokerage founders and institutional backers via Seedrs.
"We have launched state-of-the-art streaming technology for a huge market, launching at a time when retail investing, streaming and the creator community are all seeing rapid growth."
