Participated · Equity · Oct 2025

Founded in 2012 by Tim Hardcastle and Derek Hill, INSTANDA provides a no-code, cloud-native platform that enables insurers and Managing General Agents to build, personalise and maintain insurance products without engineering overhead. The software supports real-time data insights and incorporates AI to enhance underwriting and claims workflows, helping carriers shorten time-to-market and adapt quickly to regulatory or pricing changes. The platform is currently used by more than 80 tier-1 insurers and MGAs in the US and UK, and the company reports compound annual growth exceeding 40 percent while having reached profitability. Strategic partnerships with global system integrators and insurtech firms such as Coherent further extend its reach by helping insurers migrate off legacy systems. With total funding now exceeding $85 million, INSTANDA plans to deepen its data science capabilities and embed more AI functionality into its offering. The company intends to use fresh capital to expand operations across North America and Europe and to pursue targeted acquisitions that broaden its product set. These initiatives aim to drive continued growth and deliver greater value to its global client base.

Led · Equity · Nov 2024

CellPoint Digital offers a Payment Orchestration Platform that optimises digital payment transactions, supports cards and alternative payment methods, and enables multi-acquirer routing to improve authorization rates and conversion. The company is launching an Offer Order Service Delivery (OOSD) platform to support modern airline Offer and Order retailing, payment-driven offer creation, real-time order management, and fulfilment. The funding announcement says CellPoint will expand its Alternative Payment Method (APM) hub and intensify global expansion to meet growing demand across air travel, hospitality, cruise, OTAs and tour operators. The company cites partnerships and customers such as Virgin Atlantic, Southwest, Sabre, Cebu Pacific, Avianca, Riyadh Air, VoePass and La Compagnie as evidence of market traction. CellPoint operates offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. The article does not disclose specific revenue or user metrics. CellPoint Digital provides an omni-channel Payment Orchestration Platform that optimizes digital payment transactions across cards and alternative payment methods. Its platform enables merchants to adopt a multi-acquirer model, intelligently route transactions to increase authorizations and conversions, and deliver a frictionless checkout experience globally. The company aims to reduce cross-border payment costs while providing system uptime transparency and accelerating deployment of new payment options. CellPoint says it has experienced extraordinary growth and is winning key new clients across sectors. The business recently secured a $25M equity financing from Toscafund and Penta Capital; those investors' cumulative investment in the company now exceeds $56M following prior injections dating back to 2019. CellPoint plans to use the capital to widen global reach, penetrate new verticals including retail, gaming, crypto and digital content, scale its team globally, and drive further innovation into its platform. The company maintains offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore.

Participated · Equity · Nov 2023

Atom is a mobile, app-based bank that offers mortgages and savings via its app and provides secured business lending for small and medium-sized enterprises. The company offers customer support by phone, chat, email and social channels. Launched in 2016 and based in Durham, Atom recently reported its first full year of operating profit. FY23 results showed 62% revenue growth, customer numbers doubling to 224,000, and savings deposits rising to £6.6bn. The company says its current quarterly run-rate is generating +£100m of annualised net interest income and +£25m of operating profit. Since launch Atom has lent more than £4bn to UK homeowners and over £1bn to small businesses. Atom bank operates an app-based bank that offers mortgages and savings products through its mobile app, alongside secured business lending for small and medium-sized enterprises. The bank provides customer support via phone, chat, email and social channels. Launched in April 2016 and led by CEO Mark Mullen, Atom has grown to a team of over 470 people. The company is based in Durham and in 2022 signed a five-year Memorandum of Understanding with Durham University to progress research and diversity initiatives. Financially, Atom has been actively fundraising, having raised more than £100m over the last 12 months and using new proceeds to fund ongoing growth and development of the bank. Atom is a digital, app-based bank that launched operations in April 2016 and offers Fixed Saver accounts, an Instant Saver, secured business lending for SMEs and an automated mobile mortgage proposition. The company has a team of over 400 people and has continued to grow revenues while tightly controlling costs. Atom delivered its first monthly operating profit during Q2 and is pursuing a drive to IPO. Over the past 12 months the lender has raised more than £115m. The bank continues to expand its retail and SME products via its mobile-first platform. Atom Bank is a UK digital challenger bank launched in April 2016. It has loaned £2.8 billion to UK mortgage customers since launch and plans to grow lending to SMEs on its balance sheet to over £700 million by the end of March 2021. The bank is raising £40 million (about €46.4 million) from existing investors to support that growth. Existing investors named include BBVA, Toscafund, and Woodford Patient Capital Trust; Atom has raised about £450 million to date. CEO Mark Mullen said the capital raise will allow the company to continue to progress towards profitability and to improve efficiency and engagement. The firm is planning a public listing as early as next year and is targeting the 2022/23 financial year for an IPO. Atom Bank is a UK challenger bank focused on mobile-first savings accounts, residential mortgages and small-business lending, targeting mainly millennial customers. It has been migrating its core banking technology to Thought Machine’s Vault platform to move operations to the cloud and reduce running costs. The bank plans to expand its product range (including Instant Access savings in the autumn) and is hiring, with 50 new North East roles planned. Operational metrics show total lending up 76% year-over-year to £2.4 billion, with deposits of £1.8 billion (up from £1.4 billion). Atom reports weekly applications of up to £20 million for business loans and £10 million for residential mortgages. The company was co-founded by Anthony Thomson and positions itself to compete with other UK challenger banks.

Participated · Equity · Jul 2021

Strike is a digital-first online estate agent offering a ‘sell for free’ service. The company rebranded from Housesimple in 2020 and launched its sell-for-free service in 2019. It has sold over £4.5 billion of property and helped more than 45,000 people move home. Strike says it is already one of the leading agents across the North of England and has recently expanded its sell-for-free service to the Midlands and parts of Central England. The business plans to scale its digital-first approach and increase brand awareness to become the largest UK estate agency brand next year. Channel 4 Ventures’ investment will include a media-for-equity element to support marketing and growth.

Led · Equity · Jan 2021

Elinvar is a Berlin-based asset and wealth management platform that connects banks, portfolio managers, third-party providers (such as market data and KYC services) and end clients. Its platform digitises operations including client onboarding, relationship management, onsite advisory support, reporting and invoicing. Founded in 2016, the company has grown to more than 100 employees and opened a second office in Magdeburg. The firm raised €25 million to fuel further expansion; the round was led by Toscafund Asset Management and joined by existing shareholders Ampega Asset Management, finleap and Goldman Sachs, and is subject to BaFin approval. Elinvar plans to expand the business while developing the product to support increasingly complex business models and more self-customisation options. The raise comes as the wealth management sector undergoes digital transformation, positioning Elinvar to capture demand for integrated, digitised services.