ScaleXP is the women-led company that has raised £600,000 in its seed funding round. Top Business Tech takes a closer look.
This week London-based company, ScaleXP, has raised US$600,000 in its latest fundraising round. This funding will go toward financing developing the company’s startups while also increasing customer acquisition.
What does ScaleXP specialise in?
The ScaleXP platform provides SaaS-based, real-time business analytics tools to the startup sector. The platform accesses and instantly combines relevant data sources into a simple single point of access. ScaleXP claims to save days and even weeks instead of the manual process of creating and maintaining large spreadsheets and disparate data systems.
A female-led operation
Founded by female CEO Suezann Holmes, ScaleXP is backed by female angel investor network Angel Academe and Cambridge Angels, Syndicate Room and Founders Factory. Alex Hirsch FCA, who led the investment series, will position the ScaleXP advisory board.
Suezann Holmes, Founder Scale XP, says: “The idea for Scale XP came when – particularly once the pandemic hit – we identified a huge demand among the small business community for an easy-to-use tool that can support them on their growth journey. We wanted to give them an easier way to oversee their business performance, holistically, so that they can thrive. I’m delighted by the huge interest and support from the VC community and female founder networks like Angel Academe to help us realise this mission. It’s fantastic to have Alex on the Advisory Board to help us scale the business quickly.”
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Alex Hirsch, lead investor and ScaleXP Director, says: “The idea behind ScaleXP is one of those ‘why hasn’t this been done before’ ideas. It hones-in on the problem that many small businesses face with having multiple points of accessing data and provides a single point to better inform their growth plans. It’s a compelling offer which is why both Angel Academe and Cambridge Angels have invested and I’m exceptionally proud to be on the board.”
Did you know?
According to Innovative finance Report 2021, as cited in Fintech Futures, female-founded fintechs accounted for 17% of the UK’s total fintech venture capital (VC) investment over 2020, up 6% from 2019.
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