Led · Equity · Feb 2024

Clue Software provides a software platform for investigations and intelligence management, enabling end-to-end operations with proactive threat detection and prevention and improving operational pace and decision-making confidence. Its platform is used by a diverse, global investigations community across government, corporate, law enforcement, not-for-profit and sports organisations. The company plans to use the £4M in new funding to increase commercial and community capacity and to support R&D and product development. The round was led by Frog Capital and included angel and employee investment, with support from ScaleUp Group. Clue was founded by Clare Elford (CEO) and Thomas Drohan (CCO) and is based in Bristol, UK. Clue is a cloud-based investigation case management and intelligence platform that helps organisations prevent harm and secure justice by building intelligence and progressing investigations. The platform originated in policing and is now used across government, private and non-profit sectors to investigate cyber‑crime, fraud, child protection, corruption, environmental crime and cheating in sports. Demand for Clue has more than doubled over the last two years. Clue productises decades of investigation expertise and serves teams facing large volumes and complex data, many of which were still reliant on legacy systems or spreadsheets. With new investment the company plans to strengthen the platform with further AI and ML capability, automation, data insights and business intelligence while continuing to support and build its user community. Clue is led by co-owners Clare Elford (CEO) and Thomas Drohan (CCO), with Nick Harber as CFO and Adam Hale as Chairman.

Led · Series A · Jan 2024

Oxford Medical Simulation offers an immersive clinical simulation platform that enables healthcare professionals and students to practise realistic, repeatable clinical scenarios accessible anytime and anywhere. The platform integrates immersive technology with data-driven insights to help institutions measure performance, standardize training outcomes, and improve clinical readiness. OMS works with hospitals, universities, and health systems across the United States, the United Kingdom, and other international markets. Founded nearly a decade ago by clinicians, the company emphasizes addressing workforce development challenges and improving preparedness amid staffing pressures in healthcare. With the new £5 million growth financing from Salica Investments, OMS plans to scale its U.S. presence, expand content, accelerate AI-driven scenario development, deepen analytics and workflow capabilities, and grow its delivery infrastructure.

Participated · Series C · May 2022

Modulr provides an embedded payments FinOps hub and APIs that let businesses and software platforms integrate real-time, account-to-account, and Open Banking payment services. The company serves 200+ clients and is processing an annualised transaction value of more than £100B. Modulr is authorised as an Electronic Money Institution by the UK’s FCA, the Central Bank of Ireland, and the Dutch Central Bank, and operates offices in London, Edinburgh, Dublin, and Amsterdam with more than 300 colleagues. Founded in 2016 by Myles Stephenson, its customers include Revolut, Wagestream, Sage, and BrightPay. Modulr plans to use new capital to accelerate geographic expansion across the UK and Europe, extend client and partner coverage, and further automate real-time embedded payments and broaden its product suite. Modulr provides a full‑stack Payments-as-a-Service API that lets software platforms and digital businesses automate and embed payments while handling regulatory and operational complexity. The company focuses on B2B payments digitization and has signed several large enterprise clients. Modulr is a directly connected participant in the Bacs and Faster Payments schemes and can settle and hold funds at the Bank of England; it has also added direct access to Visa and Mastercard. Recent product additions include Payment Initiation and Confirmation of Payee, and the company says it handles much of the regulatory overhead for its customers. Modulr was granted an electronic money licence from the Central Bank of Ireland as part of its European ambitions. The firm has cited a “breakout year” with growth despite COVID‑19 headwinds and was ranked the second fastest‑growing tech company in 2021 by Dun & Bradstreet. Modulr provides a Payments-as-a-Service API that lets digital businesses and software platforms embed payments, automate payment flows, and build new payment products within their customer journeys. The company serves sectors including lending, banking, fintech, travel, employment services and accounting, and counts customers such as Sage, Revolut, and Paxport. Modulr says it processes more than £40B of payments through its platform and maintains 99.999% uptime. Recent regulatory and infrastructure milestones include an Electronic Money Institution (EMI) licence from the Central Bank of Ireland and direct participation in the Bacs and Faster Payments schemes, enabling settlement and custody at the Bank of England. The firm plans to use new funding to develop additional products, grow its team, and expand its customer base. Modulr operates from offices in London, Edinburgh, and Dublin. Modulr provides a Payments-as-a-Service platform that combines technology, regulatory permissions and direct access to payment schemes as an alternative to commercial and wholesale transaction banking. The company offers an API-driven payments infrastructure that enables businesses to automate payment flows, reconciliation and embed payment services within their platforms. Modulr has direct access to the U.K. payment schemes Faster Payments and Bacs, and is a principal issuing member of Visa. Its platform has processed over £25 billion in payments and counts customers such as Revolut, Sage, Liberis, Salary Finance and Iwoca. The company plans to use new capital to further develop its payments platform, build new products and expand into European markets. Financially, Modulr has raised just over £43 million to date (excluding a £10 million grant from the Capability and Innovation Fund) and recently secured additional growth funding. Modulr offers digital payments and banking alternatives to businesses and partners, processing more than £14 billion of transactions and reaching over 35,000 SMEs through clients including Sage and Revolut. The company is developing a new product, the Accountant Payments Control Centre (APCC), to deliver greater control, automation and efficiency for accountants and SME clients. Modulr will use a £10 million Capability and Innovation Fund grant (which it will match with a further £10 million) to expand its Edinburgh operations and support product development. The award is expected to create more than 50 jobs in Edinburgh and more than 64 regional roles overall, with at least 80% of the new roles scaling its Edinburgh presence. In May the firm secured a £14 million funding package, taking total capital raised to £24.5 million. Launched in January 2016, Modulr has footprint in Edinburgh, London and Dublin and plans to make its payment services available to almost one million SMEs while driving cost-effective innovation and competition in the UK business payments market.

Led · Series B · May 2022

Housfy offers a unified residential services platform aimed at simplifying buying, selling, rentals and other home-related transactions. The company is developing interconnected business units to let users manage mortgages, property sales and rentals, refurbishments, moving and services for real estate companies from one place. It plans to add insurance brokerage services in the coming months. The startup was founded by Albert Bosch and Miquel A. Mora and is headquartered in Barcelona. Housfy says the integrated approach will improve user experience and reduce costs compared with siloed services in the property market. The recent financing will support product expansion and geographic growth across Europe. Housfy is a Barcelona, Spain-based real estate multiservice platform that helps customers sell, buy, or rent homes and access related services. It offers mortgages, home refurbishment, moving and storage, insurance brokerage, and utility bills management among other services. Since launch the company has sold more than 5,000 properties and intermediated around 3,000 mortgages. Founded in 2017 by Albert Bosch, Miquel A. Mora, and Carlos Blanco, Housfy plans to use new funding to reinforce its expansion in Europe. The company has completed multiple investment rounds and continues to expand its service offering across the property lifecycle. Its current operating metrics reflect traction in both property sales and mortgage intermediation. Housfy is an online real-estate brokerage that provides digital services for property transactions, including sales and mortgage-related offerings. The company plans to use new funding to accelerate growth amid the Covid-19 driven push to digitalise residential intermediation and to launch a new division focused on rentals, expanding its existing buy/sell and mortgage verticals. Housfy reported €4.7M in revenue last year, up from €1.5M in 2018, and says it has commercialised more than 3,000 homes since its 2017 founding. It employs 130 people across its headquarters in Barcelona and delegations in Madrid and Lisbon. The firm operates in Spain, Portugal and Italy, reaching hundreds of municipalities including Madrid, Barcelona, Valencia, Málaga, Sevilla, Zaragoza, Bilbao, Milan, Rome, Turin, Florence, Genoa, Bologna, Lisbon and Porto. To date Housfy has raised a total of €10M in financing. Housfy is a technology platform that enables homeowners to sell properties without commissions or intermediaries. Founded in 2017 by Albert Bosch, Miquel A. Mora and Carlos Blanco through Nuclio Venture Builder, the company operates in Spain and Italy. Housfy has sold more than 2,000 homes online, averages six transactions per day, completes sales in about 60 days on average, and reports an average saving of €15,000 per transaction compared with traditional agencies. Owners pay a fixed fee of €3,990 only if their property is successfully sold. The company says the new €6M financing will be used to accelerate international expansion — replicating a model already deployed in Italy — with planned launches in Portugal and France before year‑end, and to develop its technology platform. Housfy has attracted total financing of €9.7M and positions itself among Spain’s leading digital real estate agencies.

Led · Equity · Jul 2021

Caspar Health is a Berlin-based digital therapy and rehabilitation platform that provides on-demand therapeutic content to support patient recovery. The company offers over 1,000 therapeutic videos covering physiotherapy, occupational therapy, speech therapy, sports therapy and psychosomatic medicine. It serves more than 160 hospitals in Germany and has grown by over 300% in the past two years. Deutsche Rentenversicherung evaluated Caspar’s programme and found 97% of patients reacted positively. Founded in 2016, the firm raised €9 million in its most recent round and has raised approximately €16.8 million to date. The recent funding is described as further ensuring patients have access to rehabilitation treatment at any time, and the round was led by London-based Frog Capital with participation from Atlantic Labs, Ananda, Porterhouse Group and Nanz Venture. Caspar-Health provides a SaaS-based digital therapy platform that lets doctors and therapists create individually customized, interdisciplinary therapy plans and track recovery progress regardless of time and place. The app enables clinicians to monitor patients' recovery, communicate important information directly, and empower patients to self-exercise with supportive qualitative materials. Co-founded in 2016 by Maximilian Michels, Benjamin Pochhammer and Maximilian von Waldenfels, the company is based in Berlin and serves clinical customers. Over 100 hospitals currently use Caspar-Health for their therapeutic measures. The company plans to use new funding to continue expanding its platform capabilities and to grow its business reach in Germany and abroad. The raise supports scaling both product and market outreach. Caspar Health’s core product is a clinician-facing platform that automatically generates customizable therapy treatment plans and delivers instructional videos and educational content to patients via a mobile app. Doctors or therapists log in after diagnosis, can tailor the plans, and patients report feedback on exercises to allow adjustments. At launch the company offers about 1,000 videos and is in use in 64 hospitals across Germany, making it accessible to over 100,000 potential patients with 6,500 signed up so far. The service is sold as an enterprise SaaS subscription with a monthly facility fee plus a per-patient fee, and treatments are reimbursed by major reimbursement stakeholders at parity with face-to-face sessions. Caspar Health says it is launching internationally and the product is available in English, German, Mandarin, and Cantonese. The founders plan to expand into other markets with limited access to therapists or where in-person visits are unaffordable.