From fintech, femtech and flowers to buy now pay later in this week’s MaddyMoney –

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Clim8 raises £10M in a race to avert climate disaster

The UK’s leading sustainable investing app, Clim8 Invest, has closed its latest crowdfunding round, reaching £1.26M in the first 24 hours alone. The most recent funding round, closed on Crowdcube, takes the total raised to £10M. This includes capital raised from Channel 4 Ventures, 7percent Ventures as well as two previous crowdfunding campaigns.

The third fundraise coincided with the public release of the Clim8 Invest app in app stores, allowing customers to join the company’s growth journey. The funding will be used to expand and implement its growth strategy, grow its team and user base and drive product innovation.

Duncan Grierson, Founder and CEO of Clim8 Invest, said, “Our customers have been asking for an opportunity to become involved in Clim8 not just as users, but also as shareholders. So we launched this campaign to give them a chance to join us as we embark on the next stage of our exciting journey to expand our offering.”

“We’ve been amazed by the level of interest we’ve seen over the past few weeks, and I’m excited to welcome our new investors on board.”

Competitor in BNPL Sector, Zilch, secures £80M in debt and equity

One of the largest players in the UK’s evolving Buy Now Pay Later sphere has secured £80M in an extension of their series B round. The funding takes the overall round invested in Zilch to $200M.

The money will be raised in debt and equity from Goldman’s asset management arm’s private credit team and DMG Ventures, a division of Daily Mail & General Trust. It will be used to develop the brand profile and expand into new markets, especially the US.

The company now has more than 700,000 customers, and earlier this year became the first to launch a new innovation in the sector. Tap & Pay-over-time allows consumers to tap their card and pay for their goods or services later.

UK-based gardening tech startup bags £6.5M in seed funding

Sproutl has secured almost £6.5M in seed funding. The round was led by Index Ventures, which has also backed Dropbox, Deliveroo and Farfetch, alongside Ada Ventures and angel investors from leading global tech companies such as Slack, Airbnb and Made.com.

It comes as the company has recently launched a curated online marketplace, allowing consumers to shop the best brands in the industry for supplies.

With a surge in numbers turning to gardening in the past 18 months, resulting in rapid searches for the correct horticultural supplies, Sproutl will use the funds for the expansion of the company and the team to meet demand.

Digital platform for tackling ill mental health in the workplace raises £3M

Digital platform aimed at tackling the rising issue of workplace stress, Walking on Earth, has secured £3M to support its mission.
The investment was led by Octopus Ventures, which has also backed successful startups including, Cazoo, Depop, and Graze.

The company was also backed by successful UK-based entrepreneurs, CEO and Founder of Elvie, Tania Boler, Co-Founder of Digital Surgery, Dr. Jean Nehme and Founder of Builder.ai, Sachin Dev Duggal.

Despite the fact that consecutive lockdowns and remote working have presented new challenges to mental health in the workplace, most companies still lack a clear strategy to support employees.

Founder Reeva Misra said, “We live in a society that’s created an unsustainable pattern of living where workplace culture is synonymous with burnout and stress is seen as a necessary by-product of success. The past 18 months have put a much-needed spotlight on the terrible impact of stress on our health, and for the first time, employers are taking notice.”

Fitch Ventures leads £4.34M Investment into Diginex

Series A round will support the growth of global impact technology business

Diginex has closed a £4.34M Series A round led by Fitch Ventures, the equity investment arm of Fitch Group. The disruptive impact technology company is aiming to combat and resolve pressing ESG and sustainability challenges. Founded in 2017, the company is now a tech partner to global businesses including Microsoft, Coca-Cola, the US State Department, the World Economic Forum and the United Nations.

The funding round, which brings the total amount raised for the company to over $8M, will enable Diginex to continue development of its blockchain enabled SaaS products as well as deepen its global digital distribution channels.

Shea Wallon, Managing Director at Fitch Ventures said, “We are excited to back Diginex as the team drives the business forward to offer ESG reporting solutions that work for companies of all sizes. It’s a hugely exciting opportunity for us and we are very proud of our involvement in this purpose driven business.”

Robot training platform, Mindtech Global, raises £2.3M

Mindtech Global, a startup which trains robots to recognise images, has closed a £2.3M funding round. The investment was led by NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, alongside Deeptech Labs and In-Q-Tel. 

Launched in 2019, the company aims to reduce the time and cost of bringing AI systems to market. It does this by providing a new way of training such systems, enabling developers to generate a sequence of synthetic images and create scenarios that show the algorithm what to look out for. The use of such synthetic images alongside a small percentage of genuine photos has been shown to produce the best AI results.

The funding round will be used to help grow the Yorkshire-based team and expand global sales. 

Steve Harris, CEO of Mindtech said, “This round will enable us to open up our platform to even more customers in the US, Europe and Asia-Pacific, enabling them to build AI vision solutions that better understand the way humans interact with each other and the world around them.”

Peppy Raises
£6.6M to scale its personalised e
mployee healthcare for menopause, fertility and more

B2B digital health platform, Peppy, has announced a £6.6.M Series A round, led by Felix Capital alongside previous investors, Outward VC, Seedcamp and Hambro Perks.

Founded in 2018, the London-based startup aims to innovate to fill the existing gaps in healthcare that cover life transitions and affect wellbeing and inclusion in the workplace. The platform covers the transitional periods, including menopause, fertility and pregnancy. 

Peppy’s customer base now includes some of the largest employers in the UK and has grown by 20% monthly in the past 12 months. This rapid growth is only set to accelerate with strong demand from existing customers and a fast-growing network of prospective clients.

“The pandemic has shown us that employers can’t just talk about supporting their employees’ health and wellbeing anymore, they have to take action,” said Mridula Pore, Cofounder of Peppy

“More and more leading businesses are turning to us to provide the support their people really need – not a one-size-fits all solution, but support that is trustworthy, personalised and delivered by experts. We’re still at the surface of what is possible for Peppy.”

Leading femtech startup, Elvie, secures £58M in Series C

London-based leading femtech startup, Elvie has raised £58M in a Series C funding round. The company makes smart innovative products for women including the first wearable silent breast pump, as well as a pelvic floor trainer. 

The funding, which was led by BGF alongside BlackRock Private Equity Partners and a consortium including Hiro Capital and Westerly Winds, will be used to drive three key areas. This includes innovation and development of new products for women, continued expansion into new and existing markets, and strengthening Elvie’s operations and infrastructure ready for the next stage of growth.

Founder and CEO, Tania Boler, said, “Elvie has already revolutionised every category it has entered, but we know that we have barely scratched the surface of what is possible for women’s tech. This further investment, alongside the wealth of expertise our new Board members bring, place Elvie in pole position to capitalise on the $50 billion femtech opportunity, and that’s only the beginning.”

Secure messaging app secures £22M in Series B

Secure collaboration and messaging app, Element, has secured £22M in Series B. The app, co-founded by Matthew Hodgson, who currently serves as CEO and CTO and COO, Amandine Le Pape, was involved in the development of the…

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Read More:From fintech, femtech and flowers to buy now pay later in this week’s MaddyMoney –