Vintage Furniture, Content Automation, and LGBTQ + Sexual Health in This Week’s MaddyMoney


Thermulon raises £ 949,061 to develop game-changing thermal insulation product

Based in london Thermulon raised £ 949,061 in a crowdfunding round. The funding will be used to develop its airgel product, which is designed to insulate buildings and make them energy efficient, without compromising fire safety.

With global thermal insulation expected to increase 5% by 2025, the company hopes to capitalize on the product development opportunity. The turn raised thanks to the CrowdCube campaign will be used to further develop Thermulon’s production processes; develop its consulting team and support its journey towards marketing.

Thermulon CEO Dr Samuel Cryer said the product they are developing is cost effective, energy efficient and fire resistant.

“This is a game-changer for the construction industry at a time when the focus is on improving the energy efficiency of buildings and ensuring high safety standards in the coating of residential developments.” , he added.

London-based TrueLayer Becomes a Unicorn by Capitalizing on Need for Alternative Payment Options

Global banking platform based in London, TrueLayer, has raised nearly £ 95million in a raise that now makes the company a unicorn. The cycle has been led by New York-based Tiger Global Management and will be used to drive product development, scale the business, and bring the benefits of Instant Payments to more markets.

The tour, which Stripe also participated in, will also be used to expand the business geographically and strengthen TrueLayer’s engineering and sales teams.

Alex Cook, Partner at Tiger Global, said the shift to alternative payment methods is accelerating with the growth of e-commerce.

“We believe that TrueLayer will play a central role in making these payment methods more accessible,” he added.

Market ‘super seller’ secures £ 2.2million to fuel growth and expansion

Technology market, Boulevard, raised £ 2.2million in a fundraising round. The startup uses its software to build a bridge between independent vendors and manufacturers and major global markets, including Amazon.

The cycle has been led by Fuel Ventures and will be used to expand into new markets, diversify product categories and develop its system to allow these products to be added more quickly.

Mark Pearson, managing partner at Fuel Ventures, said the decision to invest in Boulevard was an easy one.

“It is clear from Boulevard’s unique approach, building their own end-to-end supply chain software and impressive growth that they know how to be the big sellers on these platforms and continually adapt with them. the weather. It is well on its way to becoming a serious player among the world’s fastest growing markets, ”he added.

Belfast tech continues to thrive as software supply chain company pockets £ 11million

Belfast-based software supply chain management, Black-smith, raised £ 11million in a Series A round. The significant increase is the largest Series A to ever invested in a Northern Ireland-based startup and the largest tech funding round in Northern Ireland since 2005, according to PitchBook data.

The startup allows businesses to manage their software through the cloud, eliminating the additional expense associated with hiring professional support staff to manage on-premise solutions.

The round was led by Tiger Global, alongside other investors including Shasta, Amaranthine, Sorenson and Leadout Capital as well as previous investors Frontline, MMC and Techstart. It will be used to expand its team and sales in the United States.

The increase strengthens Belfast’s position as a growing tech hub, where 26% of the workforce is now employed in the digital economy according to Tech Nation.

LVNDR raises £ 1.5million to tackle sexual health inequalities

Healthtech based in London, LVNDR closed a £ 1.5million oversubscribed seed funding round. The startup is dedicated to developing inclusive sexual health solutions for members of the LGBTQ + community and will use the funding to conduct product development and commercialization activities through a partnership with leading UK healthcare providers. .

The round was led by Octopus Ventures, alongside Calm Storm Ventures, Soho Ventures and angel investors such as Pam Garside, Harry Briggs, Alistair Murray and Angelia Muller.

As part of the startup’s growth strategy, she also worked with Sexual Health London, Europe’s largest remote sexual health clinic.

CEO Christopher El Badaoui said healthcare is failing the LGBTQ + community.

“Queer and trans people have faced systemic discrimination and challenges in accessing an assertive, inclusive and respectful care environment. Having experienced inadequate care on several continents, I believe it is time we came up with a solution that bridges the gap that exists between heteronomative and queer individuals.

Turtl Content Automation Platform Raises $ 17 Million in Series A Funding from Octopus Ventures

Content automation platform Turtle raised £ 12.5million in a Series A. big data.

While only 10% of the startup’s staff are based in the United States, the market now accounts for 60% of its revenue. The cycle, led by Octopus Ventures, will be used to continue its expansion into the US markets.

Co-founder and CEO Nick Mason said the increase was a big milestone for Turtl.

“Content automation platforms need to be accessible and easy to use across the organization, from marketing to sales, communications and recruiting, with non-designers having the power to create great content. . Our mission is to ensure that corporate content is timely, relevant and engaging for all, and this funding is crucial to enable us to take the next step on this journey.

London-based startup raises nearly £ 2million to launch new digital ID product

Check, whose technology allows people to have digital identifiers, has raised £ 1.9million to support the launch of its product. The software, which will launch later this year, allows people to store their own digital identities on their phones to verify their identity, qualification, and now, their immunization status.

The cycle has been led by Outlier Ventures, Evernym, TitanBlock, Torque, 3GR and a host of private investors. The latest increase follows another recent investment in March and brings the total raised to £ 2.4million.

CTO Ankur Banerjee said digital IDs could save the time and costs of performing repeat background checks.

“Covid has accelerated the adoption of digital technology, but the question is how do you prove your identity and build trust in an online world? Digital IDs give people control over their credentials, making it easier and cheaper to verify their identity, making banking and other services more accessible.

Vintage Housewares Market Bags £ 8M

Interior, the vintage home decor products market has raised £ 8million in a Series A cycle to drive international growth and product innovation. Led by active partners, the cycle will also be used to bring more sustainable antiques to European consumers, as companies become the primary market for these products across the continent.

The London-based team now has 43 employees and hopes this investment will fuel future growth in products, engineering and marketing.

CEO and Co-Founder Sandrine Zhang Ferron said vintage pieces offered a more durable and unique way to decorate any home.

“We believe that everyone, whether furnishing their first flat in London or their country house in the Cotswolds, should have the opportunity to live in style and in a sustainable way. It has been an incredible journey so far, and we are delighted to have active partners on board for this next chapter as we expand our team and business across Europe, ”she added.


Kick game

£ 3.5m

VGC Partners



£ 116.5m

Goldman Sachs Asset Management



£ 1.4m

THG Ingenuity



£ 1.75m

Foresight group and others



£ 5.8m

Six Fintech Ventures, FiveT Fintech, MiddleGame Ventures, Mission Gate and CoinShares

#Health technology

Bambino Mio

£ 13million




£ 25.6m

MMC Ventures & Scottish Equity Partners

#Health technology

Oxford Nanopore

£ 150 million


#Green technology


£ 950,000




£ 280 million

Intesa Sanpaolo SpA, Barclays Bank, Black River Ventures and others

#Green technology

In beehive

£ 1.74m

Pale Blue Dot, Eka Ventures, Blue Impact Ventures, The Fund & Angels



£ 1.4m



Patch locations

£ 800,000




£ 95M

Tiger Global Management LLC & Stripe


The Raspberry Pi Foundation

33 million pounds sterling

Lansdowne Partners & Ezrah Charitable Trust



£ 2.2M

Fuel companies



£ 11m

Tiger Global, Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC & Techstart



£ 1.5m

Octopus Ventures, Soho Ventures & Calm / Storm Ventures



£ 12.5m

Octopus companies



£ 1.9m

Outlier Ventures, Evernym, TitanBlock, Torque, 3GR and others



£ 8m

Active partners

In other international news

The French sneaker market, Futures Factory, raised $ 2.5 million in a funding round. The company brings the physical and digital worlds together in the sale of its products, empowering shoe designers through augmented reality technology.

The cycle has been led by Seedcamp and Stride and will be used to drive the development of its product.

Futures Factory CEO and Co-Founder Nicolas Romero said: “We are delighted to have received the support of such renowned investors and look forward to continuing our growth. Futures Factory will be a great place to discover innovative projects from the hottest brands and talented designers. It’s very exciting.”


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