Manchester SaaS start-up Raildiary receives £650,000 investment

20 May 2019: Manchester-based start-up Raildiary has today announced it has secured a £650,000 investment from the Rail Supply Growth Fund and Angelgroups to support its continued expansion across the rail construction sector in both UK and overseas markets.

The investment will help Raildiary increase its workforce and accelerate its product development work, leading to the creation of market-leading data collection and analysis tools for the rail construction industry. The platforms will allow new and existing clients to gain vital information and insights on the state of their construction projects in a highly cost effective and robust manner, thereby significantly improving the management of their projects.

Raildiary’s existing Sitediary app, available on a subscription basis, already contains a range of digital project management tools allowing construction contractors to save time and money by moving away from their traditional paper shift records, with their inherent limitations, as well as producing more detailed, insightful and real-time reports tailored to the rail construction sector.

Commenting on the investment, Raildiary’s MD and founder William Doyle, a chartered surveyor with a decade of experience in the rail construction sector and with first hand experience of the damage caused by poor transfer of information between a construction site, the office and the client, said: “This investment is a fantastic opportunity for us to develop our business. The funding will support our product growth and allow us to transform the way the UK and international rail markets deliver their projects.”

The Rail Supply Growth Fund managed by Finance Birmingham and funded by central government provides flexible finance to businesses across England that are focused on capitalising on opportunities across the global railway sector.

Jack Glonek, Investment Director at Finance Birmingham, said: “The Rail Fund is delighted to be investing into Raildiary with its deliverable growth plans based on an exciting product development pipeline backed by a skilled and experienced management team.”

Martin Avison, Founder of Angelgroups, corporate investors, added: “At Angelgroups we are always looking for a great team and in Raildiary’s case they not only had the people, but a great and scalable business. I’m confident that the money invested will enable them to grow the business and make the most of what is a very exciting opportunity.”

Digital Training Solutions secures investment from Maven and GC Angels

We’re excited to announce that we have received an investment from NPIF, Maven Equity Finance and the Angel investment division of The Growth Company, GC Angels. The investment will take us through the next steps of our Near-Life™ immersive learning journey, and we are grateful for the support we have been given.

The new investment will contribute to:
  • Improving Near-life™ software
  • Supporting research and development
  • Creating new employment opportunities

Our CEO, Mike Todd said “We’re delighted to have received this show of support from the Maven team and the Growth Company. It’s an exciting time for EdTech and interactive video and we’re looking forward to using this investment to take our innovation to the next level”.

Dave Furlong, Investment Manager at Maven said “DTS is a pioneer in Near-Life™ technology developing impressive software for a range of industries that benefit from their gaming approach to training. We’re delighted to support Mike and the team, and we look forward to working alongside the company as they enter their next phase of growth”.

We are looking forward to the next phase of Near-life™ technology, to reach new heights with our bespoke, interactive, immersive, role-play training.


Hive HR raises £1.2 million Series A investment led by Maven

Maven has led a £1.2 million investment into Hive HR (Hive). The innovative employee engagement Software-as-a-Service (SaaS) platform Maven co-invested alongside the North East Development Capital Fund, supported by the European Regional Development Fund, Growth Capital Ventures, as well as a network of private investors and management.

The funding will enable Hive to invest in its sales and marketing resource and create a number of new roles to deliver on its ambitious expansion plans, whilst support the roll out of a number of innovative product enhancements.

Hive is a cloud-based platform ( that supports the HR function of organisations to help them improve employee engagement and communication. The platform collates and analyses employee feedback in real time and on a continuous basis, which serves to continually evolve and improve the HR function within a business, as well as helping to clarify and implement new policies and services for their employees.

The business already boasts an impressive client list across a number of sectors, including banking, government bodies, property and education. These include Hermes, Shop Direct, Travelodge, Tarmac, River Island and various NHS and public sector organisations. 

The cloud services market has grown rapidly in recent years and this shift is particularly prevalent in HR software with SaaS centric platforms set to increase from 28% globally in 2017 to 86% by 2022.

The workplace is constantly evolving, and organisations must remain dynamic to ensure more than ever that they are keeping their employees happy, motivated and engaged. The Hive platform helps remove the additional burden this is creating for HR and leadership teams and is helping them respond better and more quickly to employee feedback to deliver initiatives and services to help retain and motivate staff in what is an increasingly competitive environment. John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth.

Alex Marsh, Investment Manager at Maven

Hive has grown quickly in the last three years with very little capital. The whole team are now excited about what we will achieve with the additional backing from investors and are really pleased to welcome Maven as part of this round.

John Ryder, Managing Director at Hive HR

InstaDeep closes £5.50 million Series A funding led by AfricInvest

London, 3rd May 2019 : London headquartered InstaDeep, an Enterprise AI startup, announced it has raised $7 million in Series A funding. The leading pan-African private equity firm, AfricInvest, led the investment, with participation from Endeavor Catalyst, a New York-based co-investment fund under Endeavor.

The funding supports the development of a scalable product platform aimed at empowering enterprises with better decision-making using Artificial Intelligence. The product-driven platform, leveraging deep reinforcement learning and other advanced machine learning technologies, brings AI to applications within an enterprise environment, allowing companies to optimise decisions and improve efficiency.

“Through our own cutting-edge research, we have developed a platform that goes beyond what we have seen in AI applications in the past. It can tackle challenging optimisation and automation challenges in dynamic and complex environments such as, but not limited to, mobility, logistics, manufacturing and energy. We already see that our product is providing real value and ROI for our clients”,  says Co-Founder and CEO of InstaDeep, Karim Beguir.

The new platform marks a milestone for InstaDeep, who has seen sustained growth and achievements since its humble beginnings in Tunisia as a bootstrap in 2014 including being one of the first ever African-founded AI companies to publish original AI research at NeurIPS 2018⁽¹⁾. Through its strategic partnership with AfricInvest, InstaDeep also aims to continue bringing advanced AI opportunities to Africa.

“We want to grow an African AI success story and are on a mission to democratise Machine Learning in Africa. By partnering with AfricInvest, we can leverage their operational expertise and strong business knowledge on the continent, and together accelerate talent and positive use of AI”, says Beguir.

Through its investments, AfricInvest expects to meaningfully contribute to this development. “InstaDeep has managed to establish an excellent reputation for delivering solid and unique AI solutions, and we are excited to see what they can deliver next with the support from AfricInvest. We believe the company has a bright future ahead and could lead the development of the AI sector throughout the continent and beyond” says Khaled Ben Jilani, Senior Partner at AfricInvest.

“AfricInvest will draw on its African business expertise to support InstaDeep’s research and development, and also their talent development program. Together, our combined knowledge will help the African continent rise to the opportunities offered by AI.”

Endeavor has also confirmed they are joining the investment round, news that comes hot on the heels of Beguir being selected by the global high-impact entrepreneurship movement as an Endeavor Entrepreneur for Tunisia. Specifically, it’s Endeavor’s fund Endeavor Catalyst that is injecting capital, an organisation known for rigorously selecting only elite start-ups. The company will also assist in connecting US CEOs and further investors with InstaDeep.

⁽¹⁾ The 32nd Annual Conference on Neural Information Processing Systems. InstaDeep’s research papers: and

– END –  

For more information contact or call +44(0)20 3890 7528.


Founded in Tunis in 2014 by Karim Beguir and Zohra Slim, InstaDeep is today an industry renowned AI firm delivering AI products and solutions for the enterprise, with headquarters in London, and offices in Paris, Tunis, Nairobi and Lagos.

Powered by high-performance computing and outstanding research and development breakthroughs, InstaDeep utilises deep reinforcement learning and other advanced machine learning techniques to create AI systems that can optimise decision-making processes in real-life industrial environments. Our skilled in-house team of AI researchers, Machine Learning engineers, Hardware and Visualization experts, harness the expertise to build end-to-end products that can tackle the most challenging optimisation and automation challenges, and provide real value and ROI to your business. InstaDeep offers a host of AI products and solutions, ranging from optimised pattern-recognition, GPU-accelerated insights, to self-learning decision-making systems.

InstaDeep partners with organisations such as Deep Learning Indaba, Google Launchpad Accelerator, Facebook Dev Circles and Data Science Nigeria to support the rise of AI in Africa and across the globe.

InstaDeep was named as one of the top 20 most intriguing global tech start-up companies to watch at the MWC 2017 by PCMag, and Karim is a certified Google Developer Expert in Machine Learning (Nov 2017).


AfricInvest is among the leading private equity firms in Africa with over 1 billion euros of assets under management across 18 private equity funds. Founded 24 years ago, AfricInvest has deployed capital in 25 countries contributing to significant socio-economic development mainly thanks to revenue growth and profitability improvement across its portfolio companies. Operating out of seven offices in Africa (Abidjan, Algiers, Cairo, Casablanca, Lagos, Nairobi, and Tunis) and one in Paris, AfricInvest invests in leading African enterprises that have regional and continental growth aspirations, especially in the financial sector where AfricInvest relies on dedicated investment vehicles and a dedicated investment team that delivers expertise and focus on improving business processes and charting new growth initiatives.


Endeavor Catalyst is an innovative co-investment vehicle designed to support Endeavor Entrepreneurs with their equity financing rounds and contribute to the long-term sustainability of Endeavor. Following a disciplined, rules-based investment process, Endeavor Catalyst invests alongside professional venture capital and growth equity firms into the equity financing rounds of Endeavor Entrepreneurs. The firm invests in the companies of Endeavor Entrepreneurs, alongside professional investors, and seek to follow exactly the same terms as the lead investor(s).

Launched in 2012, Endeavor Catalyst has $115MM+ in capital under management across three entities: Endeavor Catalyst Philanthropy (donated funds from 15 anchor donors), Endeavor Catalyst I, LP (invested capital from 90+ Limited Partners), and Endeavor Catalyst II, LP (invested capital from 150+ Limited Partners). As of March 2018, Endeavor Catalyst has made 76 investments across 21 different Local Offices. 

Nivo secures £2 million Series A investment from GP Bullhound, Angel CoFund and Angel Investors

Nivo announces £2m funding round to accelerate growth and boost innovation in customer identity verification and onboarding for regulated financial firms

  • GP Bullhound and Angel CoFund invest in Manchester-based firm, alongside angel investors
  • Nivo is the only instant messaging network that banks can trust for sensitive and transactional conversations

Manchester, 2nd May – Nivo, the Manchester-based instant messaging and identity verification platform, has announced the close of a £2m funding round from GP Bullhound, the Angel CoFund and a syndicate of angel investors. This funding will be used to accelerate growth and product innovation, cementing Nivo’s position as the fastest, safest way for financial services companies to sign up and service their customers.

Nivo’s secure instant messaging network includes advanced data protection features, so brands in regulated industries can connect with customers, verify identities, gather personal information and complete transactions much more easily using mobile technology. Launched in late 2018 as an early stage spin out from Barclays Bank, Nivo’s are already working with large banks, lending brokers, lenders, credit unions and professional services companies who use the platform to significantly improve customer sign ups and service efficiency.

Since launch, Nivo has enabled more than £20m of loans to be written by financial services organisations using its platform and has engaged with over 30,000 consumers.

Nivo CEO Mike Common comments: “Our mission is to make it easier for consumers to connect with service providers in regulated industries like Financial Services. Our clients are using Nivo to deliver simpler mobile experiences, which reduce effort and empower customers. This means everyone saves time, costs go down and satisfaction goes up.”

He added, “We’re making the latest and best financial technologies available to anyone. For service providers, it’s free to get started, with no technical effort required, then a simple monthly subscription.

Hugh Campbell, Managing Partner of GP Bullhound added: “Manchester is a growing hub for disruptive and world-leading FinTech firms, and we’re delighted to be putting our support behind one of its leading lights. The strength of advocacy and results from its existing client base impressed us right from the beginning, with the Nivo team developing an unparalleled product offering that is disrupting the financial services industry.”

Tim Mills, Managing Partner of the Angel CoFund said: “The Nivo team has achieved a great deal in a very short period of time, and solves a very real problem for enterprises needing to transact a wide range of services online. The strength of the product has led to early adoption by a broad range of well-known financial institutions. The team knows this industry very well and has built a fantastic group of supporters and advisors around them. We’re happy to be joining that group and look forward to seeing the product go from strength to strength.”

The funding also includes some of the UK’s leading technology entrepreneurs including Elizabeth Gooch, founder and CEO of process optimisation technology firm EG Solutions who will be joining the Board. Other investors include Scott Fletcher, founder and chairman of cloud computing group ANS, Paul Gouge and Alex Rigby, founders of leading mobile games company Playdemic, and Rodney Baker-Bates, Chairman of the Willis Group.

Nivo allows any provider in a regulated industry to join its network in minutes, with no upfront cost or technical expertise – allowing any brand to offer a high-quality digital experience that would normally cost millions of pounds.

The platform offers features including Onfido identification verification checks, the ability to securely send and receive files and photos, open banking, and electronic signatures – all delivered via instant messaging.  

In addition to its unique position as the go-to instant messaging platform for banks, Nivo offers the most flexibility to enable e2e customer sign ups, and delivers unparalleled ease of set up and a simple monthly subscription. Clients have confirmed that sign up processes previously taking six weeks have been reduced to 15 minutes through Nivo’s platform.

Nivo joins existing GP Bullhound portfolio companies, including Slack, Partnerize and Unity Technologies on its list of fast-growing technology businesses.

Media Enquiries

For enquiries please contact:

Jake Smith

Brandex Financial

e –

m – 07860 779802

About Nivo

Nivo is an instant messaging platform with robust bank standard security and FinTech features built in. Developed by a senior team from a leading UK bank, its unique service lets any business access technologies previously only available to large banks and makes it much easier for consumers to get the right financial products.

About GP Bullhound

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please, or follow on Twitter @GPBullhound.

About the Angel CoFund

Launched in 2011, the Angel CoFund (ACF) is a privately managed and commercially focused institution that works alongside groups of business angels to invest in high potential SMEs across the UK, directly providing funding as well as encouraging the expansion and development of the business angel market. To date the ACF has supported 85 companies (for example, Ebury, Gousto, Crowd Vision and Hopster) providing more than £40 million in direct investment alongside more than £200m from business angels and other investors, making it one of the most active early stage investors in the country. The ACF is a long-term investor and, in aggregate, sets aside £1 of further capital for every £1 it invests. This model gives portfolio companies and co-investors the support they need to propel strong growth. Visit

Masabi secures £15.25 million Series E investment led by Smedvig Capital and MMC Venture

Investment from Smedvig Capital and MMC Ventures to fuel expansion of Masabi’s ticketing and payments platform and build on strategic partnerships with Uber, Transit, Jorudan and Keolis

London and New York – April 30, 2019 – Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today announced a $20 million growth funding round with investment led by Smedvig Capital with MMC Ventures and other existing investors. The capital will accelerate Masabi’s global expansion of its award-winning mobility platform, Justride, and fast-track the company’s role in bringing digital transformation to transit agencies and operators of all sizes, enabling the foundations for integrated multi-modal journeys.

On target to exceed $1bn in annual transit ticketing sales over the coming year, Masabi will continue building on its recent additions to Justride, which removes the need for passengers to buy a ticket. Instead, they simply tap a contactless bank card, mobile phone or smartcard to travel. These innovations, together with world-first integrations with transport leaders including UberTransitJorudan and Keolis, are making it easier for people to discover and access public transit services in an efficient and scalable way, helping place public transit at the center of the global Mobility-as-a-Service (MaaS) movement.

“With over 85 million journeys enabled by the Justride platform in 2018 and partnerships with some of the biggest names in mobility, Masabi is already a category leader and the opportunities for global growth are significant,” said Jonathan Lerner, MD at Smedvig. “The combination of Masabi’s track record of customers, innovation and technology made this investment decision one we feel extremely enthusiastic about and we are excited about working closely with them to accelerate their global expansion.”

“We’re proud to see Masabi having scaled from London to the world, changing the way people move around cities every day. $1bn in annual ticket sales is only a milestone – the next phase is about partnering with and powering those that the public trust to get them where they are going, from transit agencies to ride-sharing and planning apps. As one of Masabi’s earliest investors, it has been great to have Smedvig Capital buy into Masabi’s vision.” Simon Menashy, Partner, MMC Ventures.

“For too long, cutting-edge innovation in transit ticketing was only available to mega cities with multi $100m budgets. But a quick and easy ticketing experience shouldn’t be the sole preserve of these cities. It should be available to passengers using any public transport service anywhere around the globe,” said Brian Zanghi, CEO of Masabi. “Through innovations such as simply being able to tap a contactless bank card to travel and integrations into the top mobility apps, Masabi is delivering on this vision. As we enter a new phase, having the support of Smedvig Capital, MMC Ventures, Mastercard and our other investors means we can continue to drive the market forward and help ever more cities and transit operators around the world embrace the latest in ticketing and payments technology and the future of practical MaaS.”

Masabi’s Justride platform is currently in operation with more than 50 transport agencies in ten countries, from tier one cities to local bus operators, including for Boston MBTA, National Express, New York MTA, HTM The Hague, TAO Orleans, Denver RTD, LA Metrolink, Lurraldebus in Spain, My Fast Ferry in Sydney and Las Vegas RTC.

Integrated mobility delivered to transit agencies around the globe:

Masabi, which developed the first and only ticketing Justride Software Development Kit (SDK) for public transport, enables urban mobility providers such as journey planners and bike-, scooter- and ride-sharing services to integrate public transit into their applications, connecting services for a seamless passenger experience:

  • In April, Masabi and Transit launched an integrated service for riders in St. Catharines, Canada, enabling them to use Transit to access and ride on public transit services
  • Early in 2019, Masabi announced a new combined solution with Uber and Regional Transportation District (RTD) in Denver – the first US-based transit agency to benefit from an integrated public transit experience within the Uber app
  • Globally, Masabi’s Justride SDK is now live in France and Spain with SDK partners Kisio Digital and Gertek, and in Japan through a partnership with Jorudan, Japan’s leading trip planning service

About Masabi

Masabi provides Software-as-a-Service (SaaS) ticketing and payments to public transport agencies of all sizes around the globe. Through our fare collection platform, Justride, agencies can sign up to mobile ticketing services, deploy an account-based full fare collection solution using a contactless bank card, mobile device and smartcard, and enable Mobility as a Service (MaaS) through the Justride SDK.

Justride unifies account-based and pre-pay ticketing into a single configurable solution. Its SaaS architecture, ‘Mobile First‘ approach and Bring Your Own Ticket (BYOT) philosophy, allows transit providers to deliver innovation quickly, delighting passengers and reducing costs, while increasing operational efficiency and data insights.

Masabi is the category creator for transit mobile ticketing and with over 50 clients across 10 countries the Justride platform is the most widely deployed end-to-end mobile and account-based ticketing solution in operation, serving the largest agency in the USA to the smallest bus operator. It has offices in New York, London, Denver and Cluj. Masabi is backed by Alvarium Investments, m8 Capital, Mastercard, MMC Ventures, Keolis and Smedvig Capital.

About Smedvig Capital

Smedvig Capital is a London based growth capital investor. We are now investing our 14th fund, having deployed more than $800M over the last 20+ years in Series A and Series B funding rounds. We are passionate about finding and supporting the best tech enabled businesses in the UK and Nordics. We pride ourselves on developing a deep understanding of the sectors we invest in. We have a track record of re-investing multiple times to support our portfolio. We roll up our sleeves and get involved when you want our help.

About MMC Ventures

MMC Ventures is a research-led venture capital firm which has backed more than 60 high-growth technology companies from the Seed and Series A stage since 2000. MMC’s dedicated research function enables the firm to have a deeper understanding of the businesses it backs and supports them with strategic projects throughout MMC’s investment.

MMC focuses on scaling enterprise software and consumer internet companies with the potential to disrupt huge markets. The firm has one of the largest SaaS portfolios in Europe and recent SaaS exits include CloudSense, Invenias and NewVoiceMedia. MMC also has a dynamic B2C portfolio including Interactive Investor, Bloom & Wild and Gousto.

MMC’s research team publishes content on its findings via: mmcventures.comMMC Writes and at @MMC_Ventures.


Vault Platform secures £3.21 million Seed investment led by Kindred Capital

LONDON, April 30, 2019 – Vault Platform today announced details of its seed funding round. Led by UK-based Kindred Capital, other investors included Angular VenturesSystem One, Jane VC; and early-stage tech investor, Mike Chalfen.

Founded in 2018 by Neta Meidav and Rotem Hayoun-Meidav, Vault is rapidly defining a new category of HR technology known as “TrustTech.” Having identified the lack of adoption and ineffectiveness of old workplace harassment “hotline” systems, Vault designed a sophisticated solution that puts employees at the core. With Vault, enterprise employers gain an end-to-end platform, which consists of an employee app, corporate case management hub, and data and analytics. Vault’s solution supports cultures of trust and diversity while driving out harmful workplace behaviors such as bias and harassment, as well as fraud and corruption, mitigating a great risk for the enterprise.

The employee app creates a safe, diary-like space for employees to create records of misconduct they experience, and Vault’s “GoTogether” feature allows individuals to come forward under the condition they are not the first or only ones raising the complaint. Vault’s technology “connects the dots” on harmful patterns that are observed or impact multiple individuals, helping people overcome the fear of reporting. Vault also helps enterprises identify repeat problems and manage issues internally before they escalate.

Vault Platform has already garnered the attention of major employers, with household names among their clients, as well as an impressive roster of advisors including Harvard Business School workplace culture and trust expert, Professor Frances Frei and industry analyst Josh Bersin.

Professor Frei, a well-regarded top leadership strategist who was hired as Uber’s first SVP of Leadership and Strategy in June 2017, commented, “Healthy organizational cultures start with trust. Vault’s breakthrough platform helps to build trust by embedding empathy and transparency into innovative tools that people can use if they experience workplace misconduct. Vault gives employees total control over their privacy, information and reporting at precisely the moment they need it most.”

Vault’s Co-founder Neta Meidav, who created the solution as a result of personal experience, said, “Instead of merely digitizing old solutions, we’ve developed a powerful tool that can really help employees to overcome the fear of reporting, and inject trust into the workplace. Vault is a trust-enabling, risk-mitigating technology for companies in the self-regulation era. We are thrilled to welcome our investors on this journey and excited about the road ahead – changing work culture, for good.” 

Chrys Chrysanthou of Kindred Capital said: “The workplace is ever-changing. The new workforce is demanding an environment where they can be themselves, be treated with equality, dignity, cultural alignment and a place where full transparency exists. Organizations realize that tolerance for misconduct and an environment that doesn’t provide all those opportunities is costly not just in talent terms but also financially. We’re excited to be supporting the amazing team at Vault in delivering a solution to mitigate huge risks for enterprises and one that enables employees to live in a more open workplace.”

Vault will use the funding to scale and expand its presence in North America and Europe. Joining the company’s board will be Chrys Chrysanthou of Kindred Capital.

Mosaic Smart Data secures £6.87 million Series A investment co-led by Octopus Ventures and Commerz Ventures

29 April 2019: J.P. Morgan joins CommerzVentures and Octopus Ventures in USD 9 million fundraising round for the real-time capital markets data analytics firm.

Mosaic Smart Data, the real-time capital markets data analytics company, has completed an USD 9 million investment round to support its rapid product development and global expansion.

The round is co-led by CommerzVentures and Octopus Ventures and includes J.P. Morgan – an existing investor and client.

Daily trading activity in the capital markets generates vast quantities of raw transaction and pricing data. Institutions are increasingly looking to extract the value from this, largely untapped, data asset. Annual spending on data analytics and market data has now grown to over USD 30.5 billion a year.Being able to refine this raw data and distil it into meaningful ‘Smart Data’, where value can be extracted in the form of actionable insights, is a significant challenge that all market participants face, but success offers a proven and compelling competitive advantage for both buy-side and sell-side.

Mosaic Smart Data’s solution cleanses, normalizes and enriches this raw data and provides a consolidated real-time view and analysis across the flows of market activity. Mosaic’s advanced suite of machine learning models identify and alert the user to opportunities and threats, generating actionable insights specific to user job functions from sales and trading to management and compliance.

The firm provides analytics technology suitable for investment banks, buy-side firms, custodians, ECN’s, exchanges and regulators.

Heiko Schwender, Principal at CommerzVentures, said: “Data analytics is becoming an integral part of every industry and the capital markets are no different. We will soon be at a position where it is a prerequisite for performance in the markets. This presents a huge opportunity for Mosaic Smart Data, which has built a platform which sets the gold standard for capital markets analytics. We are thrilled to be part of Mosaic Smart Data’s journey.”

Warren Rabin, Co-Head of Global Macro Sales and Marketing at J.P. Morgan, said: “Today’s financial markets are awash in data at a scale never seen before, but what really drives performance is being able to extract truly actionable insights from that data in real-time. Tools like this that quickly make sense of vast data sets are changing the way our teams respond and operate and are going to become a differentiating factor for banks as they look to add value in their client discussions.”

Zihao Xu, Future of Money lead & early stage investor at Octopus Ventures, said: “One of the most exciting applications of artificial intelligence is combining it with human intelligence to create something which is more than the sum of its parts. Mosaic Smart Data’s machine learning models surface data insights that even the best human quant may not spot, delivering them to staff in a way which lets them act immediately. That is a powerful combination to drive productivity and performance across FICC markets globally.”

Matthew Hodgson, CEO and Founder of Mosaic Smart Data, said: “Mosaic Smart Data’s mission is to empower financial market professionals with usable, data-driven tools to ask the questions they need answered and to receive those results in a language they can understand. We want them to feel as though they have the firm’s best quant sitting at their desk 24/7, able to answer any question they have almost instantly. That is the power of smart data analytics.

“This is a mission which is driving incredible interest among the world’s leading financial institutions. With the support of these investors, we’ll be able to take full advantage of the opportunity, accelerating deployment of the Mosaic Smart Data platform for clients and ensuring we keep the platform at the cutting edge of data analytics R&D and smart data technology.”

Trint raised £3.4 million Series A investment to help brands, newsrooms and content makers maximise value of spoken word led by Horizon Ventures

New round led by private and institutional investors including Horizons Labs, TechNexus, and Associated Press

London (April 11, 2019) – Trint, the leading automated transcription and editing platform that counts some of the world’s largest media organizations — including The Associated Press, Vice News, The Washington Post, and Der Spiegel — among its enterprise clients, today announced that it has closed £3.44 million in Series A funding from a group of private and institutional investors. The company has raised a total of £5.96 million since it was founded in December 2014.

The new round is led by a follow-on investment from Horizons Lab, the Hong Kong-based seed fund operated by the managers of Horizons Ventures. Institutional investors include TechNexus, a venture collaborative of entrepreneurs, engineers, and business leaders; and The Associated Press.

Trint CEO and founder Jeff Kofman was inspired to build Trint after spending 30 years as an Emmy Award-winning war correspondent and foreign correspondent with ABC and CBS News, during which time he estimates he manually transcribed thousands of hours of interviews.

Trint is using the funding to enhance its A.I.-powered platform so that customers can extract even more value from recorded audio and video and unlock the emerging voice economy. In the coming months, Trint will launch a new suite of collaboration features that will transform workflows for large teams working with audio and video content and enhance their ability to work together on editing transcripts and publishing content. Trint will also be releasing a new tool that combines a video player with an interactive transcript, making recorded content searchable, discoverable, and shareable on the Internet.

“In the last century, the world communicated through text; in the 21st-century communication is driven by voice and the spoken word,” said Kofman. “We’ve created Trint to go far beyond automated transcription, building the world’s first enterprise product for managing the workflow of the spoken word: letting users take raw recorded content, find the moments that matter and collaborate with others to produce content faster and more efficiently.”

He added: “Trint is focused on serving the needs of video production, brands, news organizations, and researchers, allowing them to unlock the value of the spoken word like never before.”

“TechNexus joined the round as both an investor and collaborator with enterprise partners, such as Shure Inc., committed to pilot and develop Trint’s technology into new industry and market solutions,” said JJ Oslund, Senior Manager, Technexus Ventures.

Kofman also noted that Trint is one of a growing number of technology companies that have opted to bypass funding from venture capitalist firms to maintain focus on smart and steady growth and the development of the core product.

Since its 2016 launch, London-based Trint has grown from four to 45 employees, including seven employees in the company’s North American headquarters in Toronto. It has seen consistent double-digit growth in revenue since 2017 and is now used by more than a quarter million customers. It has been hailed as “by far the best automated transcription service” by The New York Times and an “unprecedented voice transcription technology” by Wired.

Trint initially launched with funding from the Knight Enterprise Fund, as well as early support from BBC Worldwide Labs and Cisco. In June 2017, the company raised £2.4 million in funding.

In July 2018, Google’s Digital News Innovation Fund awarded Trint a grant of £260,000 to build an automated translation project in 100+ languages which is now in development. In 2018 Trint was awarded the “Gannett Foundation Award for Technical Innovation in the Service of Digital Journalism.”

About Trint
Launched in 2016, Trint is a productivity platform that takes professionals beyond automated transcription, changing the way they work with audio/video to produce content and insights. By combining a text editor and an audio/video player into one easy-to-use platform, Trint unlocks the value of the spoken word by letting users capture, find, and share the moments that matter. Backed by funding and support from Google Digital News Innovation Fund and the Knight Enterprise Fund, Trint is transforming the management of recorded content in 13 languages with a unique collection of features that includes multi-user editing of transcripts, recorded and transcribed phone calls with its iOS app, instant search of recorded content, and seamless enterprise workflow integration.

UK startup PixelPin raises £1.5 million funding round for image-based authentication, led by SBI Group

LONDON, UK. – April 11, 2019 – Today, PixelPin, a UK start-up that uses image-based authentication to replace passwords with pictures, has announced it has closed a £1.5M Pre-Series A funding round.

The round was led by SBI Investment, a subsidiary of SBI Holdings, which is the biggest internet financial group in Japan known as the formerly SoftBank Investment. SBI Investment invested £1M from the SBI AI & Blockchain Fund. An additional investment of £500k from existing Angel investors completed the round, bringing it to £1.5M in total.

FIDO-certified PixelPin will use the new funds to target new customers in the finance and retail sectors and support continued product development. In addition, the funding is being used to establish new offices in Tokyo to act as a base for the company’s expansion into Japan and the wider Asian market. The company already has offices in London and Cheltenham. 

PixelPin’s cloud-based platform, hosted on Microsoft Azure, replaces passwords and PINs for a highly secure, personal and user-friendly means of logging into their online accounts for banking, shopping and more. Instead of remembering a password or PIN users can select a picture and four specific points on that picture that must be selected in sequence to login to their online accounts. PixelPin’s platform also boasts a stellar success rate: it takes on average just 10 seconds for a user to login and one minute to register and has a login success rate (92 percent) three times higher than for passwords (30 percent). 

“This latest round of investment is a fantastic step forward for PixelPin and illustrates the level of confidence the global investor community has PixelPin and the UK fintech industry,” commented Geoff Anderson, CEO and co-founder of PixelPin. “We’ve been extremely diligent in our search for the right investor partners and are delighted that SBI Group has chosen to work with us as we look to expand our reach into Japan and the wider Asian market where we’re sure the group’s knowledge and experience will be a huge asset.” 

The SBI AI & Blockchain Fund was established in January 2018 to identify and support promising fintech ventures across the globe, with a targeted commitment of JPY 60 billion and successfully closed in December 2018 with more than 120 LPs. In addition to the financial commitment, the fund is intended to foster cooperation between the Japanese investment group and innovative companies from regions of fintech excellence, such as London.

“For everyone who has been locked out of their online banking for guessing their logins one too many times it’s clear that the passwords and PINs we’re forced to use aren’t fit for purpose,” said Yoshitaka Kitao, Representative Director, President & CEO of SBI Holdings “PixelPin’s solution creates a highly personalised and easy-to-use login experience that will be particularly popular with a tech-first younger generation but does this without compromising security – in fact, making it much more secure than passwords. In addition we see real potential for businesses to create value added services on this platform, turning security into a revenue generator.” 

This funding round brings PixelPin’s total funding to date to $4.5M which has facilitated expansion internationally, with partnerships across Asia, Europe and the Americas. This latest funding deal was brokered by PixelPin’s legal partners, Osborne Clarke.

To view the PixelPin website, visit   


About PixelPin

PixelPin is the leader in image-based authentication, providing users and businesses with a secure, personal and user-friendly means of logging into their online accounts. Backed by Japanese financial services company SBI Group, PixelPin has headquarters in London, UK, and additional offices in Cheltenham with international partnerships across Asia, Europe and the Americas. 

For more information, visit or follow @PixelPin on Twitter. 

Media Contact:

Tom Mackintosh

Racepoint Global  

+44 (0) 7854 315511