Raise Retrospective – December 2021

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raise retrospective Dec

Raise Retrospective – a monthly summary of the top venture deals featured by swiftraise

2017 founded, $1.8m raised, 10 – 25 employees, UK-based

“Flair Impact Closes $1.8 Million Seed Round”

What do they do?

We kicked off December’s #RotWs with Flair, who closed a $1.8m Seed round on December 1st (pinch punch).

Flair‘s core product is a people analytics tool that helps businesses measure and build anti-racist cultures. Driven by employee surveys and post-survey analytics, they help customers track, benchmark and overcome racial bias across 4 key metrics – racial awareness, racial diversity, racist behaviour & racial inclusion-barriers.​

Why we’re interested

#DEIB (Diversity, Equity, Inclusion and Belonging) is a core focus of most enterprises at the moment, but large multinationals are still very much in the infancy of solutions. The first step is understanding the problem and gathering data – that’s where tech startups like Flair can play an important role (and are doing so already for the likes of the Premier League, EY and Network Rail to name a few).

They were recently included in swiftscale and Dealroom.co’s ‘Startups working on Diversity and Inclusion (D&I) in the workspace’ landscape, joining a great list of companies helping the big companies advance their DEI initiatives.

They’ve received funding from big hitters Samos Investments and Hoxton Ventures, who’ve backed companies like Darktrace, Babylon, Signal AI and Ometria.

Congrats to Darrell Coker and Nii Cleland!

Read more from Startacus (link to source)

2016 founded, $12.1m raised, 50 – 100 employees, UK-based,

“Learnerbly secures $10m for workplace upskilling platform”

What do they do?

Choosing a Raise of the week can sometimes be seriously tricky. There were some amazing rounds early December, but we were delighted for Rajeeb Dey and the Learnerbly team when we heard they’d closed their $10m Series A!

Learnerbly‘s marketplace allows enterprises to offer more personalised L&D programs to their employees, instead of the ‘one solution fits all’ approach that so many large corporates still use.

Why we’re interested

We could talk more about the funding round, but we’d rather help promote Raj’s amazing push to raise funds for 4 year-old Rishab’s family to treat his Aplastic Anaemia.

Here is a link to the fundraising page, please give what you can.

Read more on their raise from UKTN (link to source)

2019 founded, $1.5m raised, 25 – 50 employees, UK-based,

“gigl Closes $1.5M in Funding Round”

What do they do?

December’s third #RotW went to gigl, who are hoping to hugely simplify recruitment by connecting job-seekers with great employers through 60-second videos.

With a gigl account, users can browse and apply for jobs without needing a CV or filling out a tonne of forms, they just send a 60-second video! This means candidates can showcase their personality and skills in a totally different way, to make themselves stand out from others.

Why we’re interested

Hiring is still such a manual and old school process. There are many solutions are out there to help in ways – increase candidates awareness of jobs, help employers centralise their hiring process into one system.

But it’s rare to find a startup trying to totally buck the system, who seem to be having strong traction doing so. They look to be focused for now on hospitality, which will no doubt be looking to double down on new business when things are re-opened. So current employers using their app include the likes of Gymshark, Hard Rock Hotel London, and The North Face, a VF Company.

We have now had confirmation that this was a true story, so it was actually potentially our first ever breaking news story. Who knew…

Congrats to the founders, Dan Hudson, Christian Ayerst and James Hudson, and the team.

Read more from FinSMEs (link to source)

2012 founded, $10.2m raised, 50 – 100 employees, UK-based

“Amsterdam-founded Dealroom secures €6 million for its startup research platform”

What do they do?

Dealroom.co closed their €6m Series A led by transatlantic specialists, Beringea, with participation from existing investors Knight Capital and Shoe Investments.

Dealroom is a data platform used by startups, VCs, corporates and governments, providing transparency, analysis, and insights on venture capital activity and the startup ecosystem.

Why we’re interested

Collaborations have been a huge part of their successful marketing and insights strategy, helping Atomico create their ‘State of European Tech’ reports and assisting Sifted with their insights reports. More recently, we were thrilled to work with them at swiftscale on a Diversity & Inclusion landscape, highlighting an array of companies advancing #DEIB across the workplace.

Congrats to Yoram Wijngaarde and the team on this milestone!

Read more from EU-Startups (link to source)

2019 founded, £22.4m raised, 2-10 employees, UK-based

“Nr2 raises $30m for Asian tech market investment platform”

What do they do?

The final #rotw for 2021 went to nr2, who raised £22.4m in Seed funding from investors including Lord Jacob Rothschild and Sir Simon Robey.

nr2‘s platform helps investors and businesses gather market intelligence in high-growth markets in Asia. They have developed an AI-powered search engine that crucially helps the Western world with one key challenge that existed before – language barriers.

In the words of CEO and Co-founder Jordan Monnet, “We have gone from a rudimentary Chinese language algorithm to a fully fleshed out trilingual search engine able not only to find and index information, but also to enable investors to find companies that meet their personal investment criteria.”

Why we’re interested

Nr2’s free data platform is used in over 100 countries and organisations including L’Oréal, Pernod Ricard and the World Economic Forum to help them stay ahead of emerging tech trends and find technology startups in the region.

Congrats to Maxim Parr and Jordan Monnet, and we look forward to seeing how this helps them scale over 2022!

Read more from UKTN (link to source)

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