Led · Series C · Jul 2022

Token.io is a London, UK-based account-to-account (A2A) payment infrastructure company. It provides Pay by Bank solutions to empower banks, fintechs, platforms and payment companies. Its solutions are used across the payments community, including Mastercard, ACI Worldwide and Global Payments. The company is led by CEO Todd Clyde. Token.io received an investment from HSBC and additional funding from a majority of its existing investors; the amount was not disclosed. It intends to use the funds to expand operations and its development efforts. Token provides Open Payment and data connectivity across Europe, offering an enterprise-first toolkit that enables account-to-account payments, aggregated bank account and transaction data access, smarter onboarding, deeper insights, and instant authentication. The company is trusted by over 80 payment service providers, gateways, banks and large merchants and represents over 210 million potential end-users of Open Payment services and over €13tn in customer deposits. Token’s platform delivers deep functionality that lets players in the existing payment value chain create new revenue streams and bring direct bank payments to customers. The business focuses on enterprise and payment service provider customers and emphasizes a complete Open Payment toolkit. The company plans to use new capital to continue building out Open Payments connectivity, increase expansion into Europe, and further develop its differentiated platform. Financially, Token completed a $40m Series C growth investment led by Cota Capital and TempoCap.

Led · Series C · May 2022

Token provides open banking payments infrastructure and APIs that let clients plug-and-play, white-label or build their own account-to-account payment propositions. Its core product supports the transition from card payments to A2A bank payments and extends functionality beyond regulatory requirements. Token reports it handles tens of millions of open payments yearly for more than 80 payment service providers, gateways, banks and large merchants. Clients using Token.io’s infrastructure include BNP Paribas, HSBC, Mastercard, Nuvei, Paysafe, Ecommpay and others. The company plans to use the $40M Series C proceeds to expand open banking connectivity across Europe and to launch APIs for Variable Recurring Payments and open finance apps. Token operates offices in London, Berlin and San Francisco. Token provides an open banking payments platform that aims to drive the shift from traditional payments to account-to-account payments by offering a fast, simple path to adoption for large merchants, PSPs and banking-as-a-service platforms. Its Token Pay product gives secure, unified access to banks across Europe to initiate real-time account-to-account payments straight from apps and websites, with connectivity to over 3,000 banks. The company was founded in 2016 and is led by CEO Todd Clyde. Token was one of the first UK firms authorized by the Financial Conduct Authority as a payment initiation and account information service provider and is building out a stack of open payment and data services powering corporate and consumer use-cases. Inaugural open payment use-cases include account funding, paying off credit cards and utility bills; complementary open data use-cases include accounting integration, credit risk analysis and cash flow management. Customers include BNP Paribas, HSBC, Contis, OpenPayd, UpCo and Money Dashboard, and Token has offices in London, San Francisco and Berlin. The company says it will use the new funding to continue expanding its business reach and product development efforts. Token provides TokenOS, an open banking platform that enables a global ecosystem of banks, their customers and developers to initiate payments and move money and information securely and instantly. The company was founded in 2015 by Steve Kirsch and is based in San Francisco, CA and London, UK. Token reports more than 4,000 banks connected to its platform and lists customers including Tandem Bank, Think Money Group, An Post, Sberbank Croatia and Slovenia, and Khaleeji Commercial Bank. It was recently selected by Mastercard as one of its partners to support the connectivity layer of Mastercard's open banking hub. Token says it will use new funding to expand adoption of its open banking platform and to accelerate new ways of innovating payments with digital money and ID solutions. The company raised $16.5M in funding to support these plans. Token, Inc. is an open banking platform founded in 2015 by Steve Kirsch and Yobie Benjamin, headquartered in San Francisco with a European office in London. The company provides banks a PSD2 compliance solution that enables account access to third-party providers while creating opportunities to generate new revenue. Token also offers programmable money capabilities for banks to build high-value use cases such as e-commerce checkout, B2B payments, and bill pay. The company appointed Todd Clyde as COO and has strategic partnerships with Fidor Bank and OP Bank. In April 2017 Token raised $15.7m in a Series A funding round. Investors in the round included Octopus Ventures, EQT Ventures, OP Financial Group, Plug and Play Ventures and Digital Currency Group.

Participated · Series C · Dec 2021

Dedrone offers a multi-sensor fusion C-UAS platform — cloud-based or on-prem/air-gapped — that uses AI/ML detection, a fusion tracker, sensors, mitigation capabilities and advanced analytics to detect, identify, locate and analyze drone threats. The company detects nearly 300 drone types across more than 65 manufacturers and recently launched DedroneRapidResponse, a mobile solution deployable in under 30 minutes to protect a five-kilometer radius. Customers span 36 countries, including four G-7 governments, nine U.S. federal agencies (including the Department of Defense), over 75 critical infrastructure sites, 20+ airports and 50 correctional facilities. Dedrone said commercial demand accelerated in 2022 and it is on track to double its revenue projections for the year. The company plans to triple U.S. hiring and build a focused engineering team in California as it grows its global team and expands its multi-sensor fusion airspace security solution. Established in 2014, Dedrone maintains offices in San Francisco, the Washington, D.C.-area, Columbus, Ohio, London and Germany. Dedrone builds counter-drone systems that detect, identify, locate and mitigate unauthorized drones by fusing data from multiple sensors and applying AI/ML. Its solution can be hosted on-premise or delivered via Dedrone’s Airspace Security-as-a-Service (ASaaS) and includes analytics and mitigation functionality. The company says it has sold over 1,000 sensors and expanded detection to more than 200 different drone types while operating across 33 countries. Dedrone’s customers include governments of four G-7 nations, nine U.S. federal agencies including the Department of Defense, 65+ critical infrastructure sites, 20 airports, 50 correctional facilities and 10 Fortune 500 companies. Founded in 2014 and headquartered in San Francisco with operations in the Washington, D.C.-area, Columbus, London and Germany, Dedrone positions itself as the market leader in smart airspace security. The company recently completed a $30.5 million Series C after a year of strong growth. Dedrone is described as the global market and technology leader in airspace security, protecting organizations from malicious drones. Its platform is a complete counter-drone solution that detects, classifies, and helps mitigate drone threats. The system combines radio sensors, specialized cameras, and radar whose data are processed by the company's DroneTracker software. Following the new funding, Dedrone plans to accelerate development of its platform and propel global expansion. The company secured $12.1m in a funding round and is backed by investors including TempoCap, Felicis Ventures, Menlo Ventures, and John Chambers. Dedrone is a San Francisco-based company that builds drone-detection and counter-drone systems combining sensors, cameras, and RF scanners. Its product, launched about a year before the article, has been installed at over 200 sites including data centers, sports stadiums, and the homes of high-net-worth individuals and political figures. The company often works with physical security firms and government agencies to monitor airspace at events and facilities. Dedrone raised $15 million in a Series B and will primarily use the funding to bring its technology to more businesses and government offices, with a particular focus on data centers. CEO Jorg Lamprecht said the company will also continue research and development in drone security. The firm emphasizes the ability to precisely locate drone operators to enable countermeasures while avoiding escalation where possible. Dedrone develops hardware and software to detect and locate unwanted drones and alert people on the ground or in manned aircraft. Its systems are used by law enforcement, private security firms, property owners and corporations monitoring large venues and infrastructure such as airports and data centers. The company has surpassed 200 customers worldwide, including at least 30 in North America, and has been deployed at venues like Citi Field to keep unauthorized flying cameras away from events. Dedrone positions itself as neutral on countermeasures, allowing customers to decide how to respond within legal constraints. CEO and founder Jörg Lamprecht says regulatory changes benefit the business because laws need enforcement, which drives demand for monitoring solutions.

Led · Equity · Dec 2020

Founded in 2015 and based in London, Streetbees operates a human intelligence platform that lets people record by video, photo and text the reasoning behind their purchasing decisions. It maintains a community of 3.5 million consumers who capture emotion and context in the moment. The company applies deep neural networks to analyse that unstructured data and deliver rich insights for clients. Eight of the world’s ten largest consumer goods companies, including PepsiCo, Unilever, and Procter & Gamble, rely on Streetbees’ intelligence. Financially, Streetbees announced a €34 million Series B in October led by Lakestar and has now secured an additional €5.5 million investment. The firm is planning a significant recruitment drive and continued international expansion. Streetbees operates a phone app that asks over-the-spot surveys and lets users chat, send photos and share stories, effectively enabling consumers to sell behavioural data (the site says it pays up to £5 per entry). The company applies deep neural networks to index and analyse a proprietary dataset of millions of offline moments, claiming to make the offline world visible and searchable. Streetbees reports over 3.5 million consumers worldwide using its app and says it serves eight of the world’s largest consumer goods companies, including PepsiCo, Unilever and Procter & Gamble. With the fresh funding, the company plans to pursue data acquisition across new verticals such as media, entertainment and finance. Streetbees is headquartered in London, has an office in Lisbon and has opened a new office in the US. The company intends to grow headcount from about 100 to 230 over the next year. It closed a $40 million Series B to accelerate growth of its platform. Streetbees operates a chat-style app where over 1 million users across 150 countries share videos, photos and text about daily life; the company applies advanced natural language processing and machine learning to surface not just what users do but why and what they may do next. Its core product transforms real-time community data into actionable insights for brands and includes a new 'Always On' platform that gives customers ongoing access to real-life stories rather than one-off surveys. Customers include Unilever, PepsiCo, BBC World Service, Vodafone and L’Oreal, and nine of the world’s ten largest FMCG companies. Led by CEO Tugce Bulut, Streetbees plans to use the new funding to further advance its ML technology, expand its data science team and develop its community networks worldwide. The company is growing in the US, having opened an office there in January 2018, and currently employs 75 people across London and Lisbon. Streetbees recruits “bees” — ordinary people around the world — who capture moments from their lives via smartphone, sharing habits, shopping preferences and opinions for corporate clients. The platform verifies contributors via phone-number verification and background checks, and asks for photos and videos to ensure participation. It combines artificial intelligence, mobile geolocation technology and social media to gather and analyze data. Every user is paid in cash within 24 hours for sharing insights. The company already works with clients including Unilever, PepsiCo, Coca-Cola, L’Oréal, Dyson, The Times Education Supplement, Vodafone and Amnesty International, and currently has over one million users in 87 countries. Streetbees plans to use the new funding to expand operations and double its 40-strong team over the next year, and expects to reach 10 million users over the course of the year.

Led · Series B · Feb 2020

CybelAngel provides actionable threat intelligence on data leaks both inside and outside the firewall, using machine learning and human analysis to support remediation and takedown. The platform detects over one billion documents per day and uses artificial intelligence to assess the sensitivity of the information it finds. It enables real-time digital risk management across third parties, cloud, connected devices, and other layers of the Internet, helping enterprises protect intellectual property, brand, and reputation while complying with global regulations. CybelAngel works closely with global Fortune 500 customers in Europe and North America. The company plans to use the new funding to accelerate global expansion, build strategic partnerships, and advance the capabilities of its AI-powered platform, with a specific push into North America. Financially, CybelAngel has raised $36 million in the announced Series B, bringing total funding to $52 million to date. CybelAngel provides an AI-powered digital risk management platform that monitors the open, deep, and dark web and all connected devices to detect and manage exposed sensitive information. Led by CEO Erwan Keraudy, the company uses artificial intelligence and machine learning to assess the sensitivity of detected data and enable actionable remediation to improve enterprise cybersecurity posture. Its platform detects over 1 billion documents per day and is built to comply with relevant regulatory requirements. The company intends to use the funds to increase its presence in North America and continue developing its AI-powered technology platform. CybelAngel is headquartered in Paris with a presence in New York City. Its current financial update is a $12M funding round led by Bpifrance and Serena Capital. CybelAngel offers a Big Data–based cybersecurity solution that locates sensitive documents exposed on the non-indexed Internet and alerts owners before attackers or competitors can exploit them. The company says it detects one billion sensitive documents every day and uniquely explores deeper parts of the Internet to find third-party data leaks. CybelAngel emphasizes automation to process vast volumes of data and applies machine learning and AI to improve detection and processing. It works with some of the largest European companies and reports a 0% churn among clients. Founded in 2013 and presenting R&D at venues such as Black Hat and Slush, the company began international expansion in 2016. With new funding, CybelAngel plans to accelerate international growth—particularly in the U.S.—and intensify R&D and product performance improvements.