Prosapient 10m Series Smedvig Archives


Investing in startup and early stage corporations involves dangers, together with lack of capital, illiquidity, lack of dividends and dilution, and it must be carried out solely as part of a diversified portfolio. Funding round leader Smedvig Capital has invested greater than £600 million of capital in various businesses since its formation in 1996. It usually invests from £2m to £15m in “fast-growing, innovative businesses”. Its model entails investing in a relatively small variety of businesses in a yr however then committing to spend time with each – including value via management and business expertise.

We first began talking to the Founders, Margo and Jordan, in 2019 and lately led the $10m Series A spherical together with Guy Hands and present traders 24 Haymarket. Bird & Bird’s Corporate group in London lately advised Smedvig Capital on its £10 million financing of Infinity, one of many quickest growing advertising know-how companies in the UK and a market leader in call monitoring. Yumpingo, a London, UK-based restaurant intelligence platform, raised $10m in Series A funding.

You’ll discover Smedvig don’t function in the £2–5m record although these offers are within our parameters, which might seem slightly odd! But as we only look to spend cash on 2–3 new businesses a 12 months, becoming long-term supportive partners to our portfolio, this result simply implies that on this period the companies we invested had been raising slightly more capital. There’s a seemingly infinite record of possible journey hazards on the fundraising road from a buyer the jerome group of fl scam disaster to a badly-behaved VC or 2 and just about every thing in between. We’ve tried to put out under some suggestions and tips that we hope will help set your fundraising up for success. The system integrates with a restaurant’s POS (point-of-sale) to facilitate data which impacts operations, new product development and marketing for a variety of the world’s largest and most innovative restaurant groups including YO! Reviews are facilitated tableside with digital/paper bills or via an SDK for distribution across any system.

The financing round was led by Smedvig Capital, with further help from earlier buyers Amadeus Capital Partners and Octopus Investments. The figure of $13.5million represents one of many biggest financing rounds seen within the UK digital health house. Transatlantic business TrialReach is as a outcome of of use the injection of cash to broaden into the US market. Yumpingo recently launched their Everywhere resolution for supply, To Go, catering and QSR/LSR which invitations critiques utilizing a QR code. Yumpingo collects data on the end of a meal when the check is introduced via a one-minute survey on operator-branded hardware or via a diner’s smartphone.

So it’s perhaps unsurprising that the skilled community and primary analysis platform, proSapient, has now closed a $10 million Series A funding led by Smedvig Capital. Noted high-profile investor Guy Hands and present traders 24 Haymarket additionally participated in the round. The CB Insights tech market intelligence platform analyzes hundreds of thousands of information points on vendors, merchandise, partnerships, and patents to assist your staff discover their subsequent know-how solution. ProSapient is an emerging skilled network that is using technology to enhance on the traditional professional network service. The service connects non-public equity funds and consulting corporations to high volumes of subject-matter consultants at brief discover.

ProSapient is constructing on the traditional service via value-add front-end features to enhance the user expertise, and back-end expertise to enhance the speed and accuracy of discovering related consultants. We search for ambitious teams which might be building companies which have the potential to become market leaders. Our model is to invest in a small number of companies every year and then to commit time to working closely with management, offering recommendation and hands-on assist every time they want it. Smedvig Capital was founded in 1996 and has invested over £500m of inside capital.

The firm intends to make use of the funds to scale and further innovate its one-minute instant review platform, launch Yumpingo Pay, a brand new pay-at-table platform, and expand gross sales and operations internationally. The funding will speed up proSapient’s worldwide growth as properly as support the roll out of their workflow SaaS platform which helps solve a serious pain point for customers of expert networks, using a quantity of networks concurrently. Robert Toms and Freddie Kalfayan shall be supporting them from Smedvig’s end. The material offered by way of this web site is for informational functions only. Nothing in this web site constitutes a solicitation for the purchase or sale of any monetary services or products. Material presented on this website does not constitute a public offering of securities or funding management services in any jurisdiction.

TrialReach Pablo Graiver mentioned Smedvig was a gorgeous partner as a end result of its “significant expertise working with early stage tech-enabled businesses”. We imagine that differentiated expertise disproportionately powers development so focus all our attention on technology enabled companies. We search for ambitious management teams who’re experts of their industry. Smedvig have worked closely with Captify over the last 6 years of their scaling journey, supporting the founders Dom and Adam to build… For several years there was speak about the method to leverage “experts” online.