Deals of the Week, November 6 to 13 – Growth Business roundup

Growth Business roundup of Deals of the Week November 6 to 13, listing seed funding, venture capital and crowdfunding deals of note.

Start-up ilumoni secures £348,000 in pre-seed funding

ilumoni, the fintech startup which advises borrowers, has raised a $450,000 (£348,000) pre-seed investment led by Move Ventures and angel investors.

ilumoni is using the investment for product development and is preparing for a second fundraise to take the product to market launch and beyond.

Remote channels investors, gaining £26.6m in funding

Remote, an HR technology platform for international payroll, benefits and compliance, has secured $35m (£26.6m) in Series A funding led by Index Ventures and joined by Sequoia Capital, with additional participation from angel investors including Aaron Levie, Zach Weinberg, and Kevin and Julia Hartz. Remote has raised $46m (£35m) to date.

This funding enables Remote to increase its market offerings and position helping companies of all sizes employ global teams.

Investors save the day with £49.5m investment in Heroes

Heroes, a new UK-based company which acquires, operates, and scales small and medium-sized e-commerce brands, has closed a $65m (£49.5m) funding round led by Fuel Ventures and 360 Capital Partners with participation from Upper90, a leading alternative capital provider for ecommerce assets.

The investment will help Heroes make acquisitions, increase its market share and begin deployment of its business model.

Angel Investment Network growth AIN’t half bad

Angel Investment Network (AIN), the online angel investment platform, has announced that it saw revenues increasing by 14 per cent last quarter.

AIN connects startups with angel investors and now has more than 1.4 million users in total on the platform. In the past 12 months, AIN has overseen a record 192,000 new registrations from entrepreneurs.

It has seen growth across Europe, with revenue in Germany increased by 40%, the Netherlands up 130% and France up 27%. The USA has also seen a rise of 27%. Encouragingly for the businesses on the platform there is also more investor activity than ever with a record number of connections made.

IQM processes a £35m investment

IQM Quantum Computers, a company which builds superconducting quantum computers, has received €39m (£35m) in Series A funding, bringing the total amount of funding raised to date to €71m (£63.8m).

MIG Fonds led this round, with participation from all existing investors including Tesi, OpenOcean,, Vito Ventures, Matadero QED, with new investors Vsquared, Salvia GmbH, Santo Venture Capital GmbH, and Tencent, also coming on board.

TIER look to go the distance with £190m deal

TIER, the European micro-mobility provider, today announced the completion of a $250m (£190m) Series C funding round led by SoftBank Vision Fund 2. Existing investors including Mubadala Investment Company’s financial investment arm, Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global also participated in the round.

The focus of this new funding will be to significantly extend the company’s coverage in Europe, to accelerate its ambitious expansion into strategic growth markets and to fast track its TIER Energy Network that will see thousands of charging stations installed in cities across Europe.

Purple Dot spotted for £1.35m investment deal

Purple Dot, the payment option for fashion brands, today announces its seed round of £1.35m, led by Connect Ventures, with support from, AI Seed, Moxxie Ventures, Andy Chung and Philipp Moehring from AngelList, Vijay Pandurangan (ex-Twitter), Alex Roetter former SVP of Engineering at Twitter and the family office of Paul Forster, co-founder of

Further reading

Deals of the Week, October 30 to Nov 6 – Growth Business roundup

Rory Bennett

Kyra Hudson

Rory was a reporter from 2020 to 2021 before moving on to write for MyLondon and then Reach plc.

Related Topics

Venture capital funding