Participated · Series B · Mar 2019

10x Banking offers a fourth-generation, cloud-native core banking platform designed for real-time operations, continuous product innovation and AI-enabled financial services. Its technology underpins major institutions including Westpac and Chase UK and helps banks replace legacy systems, reduce operational complexity and bring new products to market faster. Over the past 12 months the company turned EBITDA-positive, passed 10 million live customer accounts, onboarded more than 10 new financial institutions and grew ARR by upwards of 30%. The firm plans to deploy new capital to scale sales and go-to-market efforts as it pursues global expansion. AshGrove Capital joined as a new investor, citing 10x’s revenue trajectory, cost discipline and customer base that has increased platform usage.

Participated · Equity · Jan 2019

Cognism offers a global B2B sales intelligence platform that pairs premium contact data with contextual signals such as technographics and buyer intent to help revenue teams connect with prospects. The company serves over 1,000 sales teams and has customers in 40+ countries. It employs 250 people across seven countries, including the US, UK, Canada, South Africa, Croatia, Macedonia, and Germany, and opened a Boston office in 2021. In 2021 the business posted ARR growth of 100%. The new funding is intended to solidify its US position and expand across continental Europe through organic growth and planned acquisitions. To date Cognism has raised a total of $123.5 million. Cognism offers a sales‑intelligence platform that delivers globally compliant B2B contact and prospect data using patented AI to make prospecting faster and more accurate. The company emphasizes compliance across the 30 countries in which it operates and serves over 1,000 customers. In May 2020 Cognism acquired email signature marketing platform Mailtastic and now has about 200 employees across seven countries. FY2020 ARR grew 60% year‑on‑year from $7M to $11M, and January 2021 saw new‑business ARR and revenue both surpass $1M for the first time. Cognism plans to expand further across Europe, grow its presence in the U.K. and continental markets, and enhance its product suite with additional functionality while continuing to invest in data compliance. Cognism provides a globally compliant B2B prospecting solution powered by patented AI, offering compliant B2B data and a suite of sales-acceleration tools. The platform is used by over 500 clients across sales, marketing, recruitment, events and technology. The company recently opened an office in New York and expanded its three offices in the UK, Europe and Asia. It enhanced its AI expertise with the hire of James Hodson, former Head of AI at Bloomberg, as Chief Science Officer, and is led by CEO James Isilay. Financially, Cognism raised $12M in a round that was an extension to a prior $10M raise with PeakSpan Capital. The company intends to use the funds to open more offices across Europe and deepen its localized regulatory expertise. Cognism is a SaaS end-to-end sales acceleration platform that uses patented AI technology to provide a blend of real-time company, people and event data. Its product is designed to streamline prospecting and enable B2B sales teams to find and deliver new revenue. The company was founded in 2016 by James Isilay (CEO) and Stjepan Buljat (CTO) and is based in London, UK. Cognism plans to use the new funding to expand adoption, open offices in Boston and Singapore, and grow its machine learning team. The company raised $10m in a Series B that brought total funding to just over $16.5m. It reported rapid growth since initial funding in 2017, including ARR growth of over 4x in 2018. Cognism delivers a SaaS sales acceleration platform, combining a data asset and a compliance engine to help teams enrich CRM records and stream leads into the funnel. The company uses artificial intelligence to surface opportunities and identify customer trends. It is headquartered in London, UK and Skopje, Macedonia, and was founded in 2016 by James Isilay and Stjepan Buljat. Cognism’s product is aimed at enterprise sales teams and includes features to improve prospecting efficiency. The recent funding will be used to enhance the enterprise solution and expand the offering into the Financial Services sector. The company announced a £2.8m raise from a mix of existing and new backers.