Deals of the Week October 3 to October 7 – a Growth Business round-up

Deals this week include a platform that can spot fake advertising clicks, an ethical eyewear company and a platform which gives small creative agencies a leg-up

Platform that spots fake clicks handed £14m

An anti-fraud start-up based in Lancashire has raised £14m in Series A funding. Smedvig Capital led the round with participation from angel investors.

Lunio claims its cybersecurity platform can identify fake clicks on digital advertising posts across Google, YouTube, Instagram, Facebook and other platforms which feature online advertising, helping companies see what return on investment they’re really getting.

Bacteria and virus killer raises a not-so-small £5m

Copptech, a start-up which develops environmentally friendly antimicrobial technologies killing bacteria, fungi and viruses, has raised £5m. Alternative assets and investment manager Foresight Group completed the £5m growth equity investment.

Copptech develops additives that kill bacteria, fungi and viruses on contact. The technology decreases the transmission of viruses in medical facilities, extends the shelf life of food via packaging, reduces discolouration and odour in clothing and provides mould-resistant properties to building materials.

Ethical glasses company eyes up £3.7m

Bloobloom, an ethical glasses start-up, has raised £3.7m in a fundraise led by Pembroke VCT.

London-based Bloobloom spells out to customers how much they make on each of their glasses – and how that compares with others in the market – and then donates a pair of glasses to someone in need for every sale made.

Travel card start-up transferred £2.4m

A travel card start-up has raised an additional £2.4m in funding following a £2m Seedrs crowdfunding campaign in June. Blackfinch Ventures and 1818 Venture Capital led the round.

Subscription service Currensea links to a traveller’s current account and then works to reduce the exchange fees encountered when travelling abroad by “at least” 85 per cent on every transaction.

Legaltech platform adds £1.8m to balance

Lawhive, an AI legaltech platform, has successfully raised $2m (£1.8m) in seed funding to allow easier access to legal services for consumers and small businesses. Episode 1 Ventures led the round, which was also backed by Tiny VC and 25 angel investors.

Lawhive combines solicitors with AI to automate repetitive tasks like legal assessments, billing and compliance checks. This combination, the firm says, can reduce the cost of legal services to the consumer by as much as 70 per cent.

Creative agency matchmaker secures £1.5m

Studiospace, a platform looking to change how marketing agencies are hired, has raised £1.5m of funding from Fuel Ventures.

Briefs and criteria for new projects can be uploaded and the platform matches them to relevant independent creative, digital and marketing agencies. The company also provides the small agencies with standard contracts and handles payments.

Chip designer intends to raise £20m

A Berkshire-based semi-conductor company says it intends to raise £20m by floating on the alternative investment market (AIM).

Sondrel designs and manages the supply of microchips for mobile phone, camera and security system manufacturers. It is a specialist in Asic chip design – small, complex chips that are made to client specifications.

More Deals of the Week

Deals of the Week Sept 26 to Sept 30 – a Growth Business round-up

Deals of the Week Sept 19 to Sept 23 – a Growth Business round-up

Dom Walbanke

Fred Mann

Dom is a feature writer for Growth Business and Small Business, focused on matters concerning start-ups and scale-ups. He has also been published in the Independent, FourFourTwo magazine and various lifestyle...

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