Talent management, working capital solutions and smart home connectivity all in Maddymoney | Jobs Reply

Beamery raises £40.3M to help businesses make better decisions about talent

Beamery, a leader in talent lifecycle management, today announced that it has closed a £40.3M Series D funding round, valuing the company at over $1B, in a challenging funding environment. Teachers’ Ventures Growth (TVG) led the funding round.

The company’s AI-powered talent platform gives companies, such as General Motors and Johnson & Johnson, the information they need to make the right decisions about their workforce, and supports businesses through every stage of the talent lifecycle – from recruitment, to talent mobility and development, to upskilling.

Beamery’s largest customers are increasing their commitment to the solution, with net retention for Fortune 500 customers at 135%+. Beamery’s rapid innovation is one of the reasons for this increased adoption. This ranged from the launch of a unique ‘Universal Skills Platform’ to help companies understand the current and potential skills of their workforce, to extensive ethical-AI enhancements to help talent teams reduce bias and identify the right internal or external candidate for the right role. . The company has added global brands such as BBC and Uber to its roster, and has helped companies make critical progress on key talent initiatives – claiming to have increased employee tenure by 2.5x, and allowed for a 50% reduction in the cost of hiring and detention.

Abakar Saidov, CEO, said, “Beamery’s AI-powered ethical talent platform gives companies the information they need to plan business needs and gaps, understand their skills and capabilities, and attract, retain, successfully upgraded and redeployed. With this new funding, we will continue to develop innovative ways for companies to better understand their workforce today and be able to plan for tomorrow, so they can create truly agile organizations that ready to withstand any market disturbance.”

Smart home connectivity initiative Rithum raises £250K

The IoT company, which uses all-in-one smart technology for homes and businesses, secures led investment Jenson Funding Partners.

Rithum aims to solve the multi-device issue within smart homes with the SmartSwitch Lite, a control panel that replaces a standard light switch and combines audio, lighting and climate control in a single system. Users can change the panel settings depending on their personal preferences, without the need for an additional app or secondary device. The singular hardware device acts as an all-in-one control panel hub, combining multiple sensors with the ability to install various software plugins developed by Rithum.

Since its founding in 2020, Rithum has sold over 1,600 devices and hundreds of plug-ins, and has been distributed in various European markets. Founder Ryan Ovens and the Rithum team aim to continue developing their software add-ons to make Rithum’s premium offering more widely available.

Chemistry automation startup CheMastery raises seed round

CheMastery has raised an undisclosed seed round led by Science Angel Syndicate, the deep science investor group, and Undeterred Capital.

It is estimated that around 80% of a chemist’s time is spent on low-skilled, repetitive manual labour. CheMastery aims to revolutionize the way chemical research and manufacturing is done by dramatically increasing the efficiency of small to medium scale chemical production. This is achieved by solving the most pressing chemistry issues; repetitive manual work, cost/time efficiency, irreproducibility and scaling issues. These affect 90% of all chemistry worldwide and waste up to 80% of project resources.

Proceeds from this round will be used to expand the CheMastery team and product offering. CheMastery will progress beyond the prototype they developed as part of their pre-seed round to a pre-commercial demonstrator that will serve the significant commercial appeal of their current paid pilot trials.

Novicap raises £172M for its credit platform reaching €1B in transactions

Novicap – the European fintech provider of end-to-end working capital solutions – has raised a £172M debt facility from London asset manager Fasanara Capital.

The European Fintech focuses on providing capital solutions for SMEs, mid-market corporations, and public administrations. Through its proprietary technology platform, Novicap offers credit and SaaS solutions that enable its customers to drive their business forward. Working capital financing is another strong option for fixed income investors, providing a natural hedge against current macroeconomic trends. Access to investors was previously difficult due to heavy operational requirements, and working capital funding as an asset class is now easier to access thanks to technology-enabled players such as Novicap providing origination capabilities , digitally underwritten and serviced.

The capital increase, which enables Novicap to further accelerate its growth and deliver greater impact to thousands of SMEs, mid-market companies and public administrations, will be used to strengthen its credit portfolio and support the development of new solutions that leading the market for its customers. base.

Prop Tech firm raises extra £575K for ‘golden thread’ software

Hull Prop Tech firm whose software helps companies meet new building safety rules has raised a further £575K from NPIF – Mercia Equity Finance.

The latest round of funding for Bimsense follows the introduction of the Building Safety Act earlier this year, designed to improve standards following the Grenfell Tower fire. Bimsense software Operation it helps building owners meet the so-called ‘golden thread’ requirement and show that safety has been taken into account at every stage of a building’s life cycle, from design and construction to management.

The latest funding will enable the company to develop new modules to meet other parts of the Act – in particular the need to register high-rise residential buildings (HRBs) and produce a safety case report.

B2B insurtech company Bondaval raises £12.1M Series A

Bondaval, a London-based B2B insurer that aims to provide credit teams with assurance of their receivables, has a £12.1M Series A Round, led by Talis Capital.

Founded in London in 2020 by former England Rugby Sevens captain Tom Powell (CEO) and Sam Damoussi (Chief Underwriting Officer), Bondaval’s proprietary technology can be used to modernize and simplify B2B payment security through the underwriting process and cost to fractionate, which makes it possible. cover risks more comprehensively, faster, and across more functions.

Bondaval will use the funding to continue building its world-class team, advancing its global expansion, expanding into additional sectors and use cases for the platform, and investing in its market-leading intellectual property.

#Chemical Technology



Science Angel Syndicate, Harmless Capital, Britbots, Elbow Beach Capital, Fink Family Office, HERmesa, Kadmos Capital, Formic Ventures, Cur8 & Angels




Spark Capital, Redalpine, AI Seed, Seedcamp, 500 Startups & Ilavska Vuillermoz Capital




Blackfinch, Nexus & Enterprise Capital 1818

# Tech



Jenson Funding Partners, Capital & Crowdfunding Pilot Fund




Molten Ventures, Ten Ventures, SentinelOne, Elkstone Partners, CircleRock Capital & Cyber ​​Club London.




Sumeru Equity Partners




Teacher Enterprise Growth




Cardiff Capital Region (CCR) City Market, Development Bank of Wales & PCL Thai Union Group




BGF, Forward Partners & Education


Green Bioactivators


Eos Advisory LLP, Regenerate Ventures Agtech Fund, Milltrust International Group & Scottish Enterprise




Capital of Fasanara




Definitely Valley Ventures


Basecamp Research


Systemiq Joint Ventures with Valo, Blue Horizon, True Ventures & Hummingbird Ventures




Talis Capital, Octopus Ventures, Insurtech Gateway, TrueSight, Expa, FJ Labs & Broadhaven Ventures




NPIF – Mercia Equity Finance

In other international investment news

TheyDo raises €12M to give businesses control over customer journeys

TheyDo – the ‘Trip Management platform’ – has raised €12M. The Series A round is led by Blossom Capital with participation from 20VC.

TheyDo is the first platform that can show all parts of every journey for businesses in one place. It’s the only platform where every metric and quantitative data is linked to the actual touch point where the data comes from, and where every qualitative insight complements and supports the emotional aspect of every journey step. With TheyDo, teams from across functions—CX to product, marketing, sales, and customer success—can manage all their data and insights in context where it happens across every journey.

The funding will be used to build a great team of designers and engineers to continue creating a leading Tour Management platform that supports this major shift in work.

Welcome Pickups raises £4.5M in funding to fuel global expansion and accelerate growth

Welcome Pickups, the global travel transportation startup, has secured €5.3M in funding after successfully surviving the COVID pandemic by optimizing operations and achieving impressive growth and financial results in 2022.

Headquartered in Athens, Welcome Pickups aims to offer a holistic travel experience in any destination. Through the platform, Welcome Pickups addresses the full spectrum of traveler needs – from transfers, travel products, itineraries, things to and useful information.

Alex Trimis, Chief Executive Officer of Welcome Pickups, said: “The additional funding will be used to accelerate the company’s geographic reach with the aim of doubling its destination network, with a strong focus on launching new destinations in North and South America”.

Cleantech Oxile powers wastewater treatment as it raises CHF 2.8M to scale growth

Zurich-based Oxile has raised a CHF 2.8M pre-seed funding round – led by Wingman Ventures – to bring to market its mission of improving the health of our precious water bodies and protecting ecosystems from micropollutants.

Oxile provides new wastewater treatment technology that completely eliminates the most persistent and toxic micropollutants from water in a cost-effective, sustainable and user-friendly manner. Game-changing technology is helping users easily comply with strict effluent discharge regulations while providing real-time water quality data.

The proceeds from the funds raised in our round will be used to strengthen the team, expand the customer portfolio, build partnerships, and most importantly, bring their first product to market next year.

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