There’s an international feeling in this one with Lattice, Spendesk, Personetics and Homesearch grabbing some tech funding.
Lattice, a people management platform for businesses, has announced a new valuation of $3 billion (£2.2 billion) after closing a $175 million (£128 million) round of funding from Thrive Capital, Elad Gil, Tiger Global and Dragoneer.
Spend management platform Spendesk has topped up its funding in July with an additional €100 million (£83 million) – giving it a valuation of $1 billion+ (£733 million) and making it a unicorn.
Personetics, a provider of financial-data-driven personalisation and customer engagement solutions for banks and financial services providers, has raised $85 million (£62 million) in funding from software investment firm Thoma Bravo.
Homesearch, a property data and estate agent prospecting platform, has completed a £5 million Series A funding round with Octopus Ventures, the firm that originally backed Zoopla.
Lattice Triples Valuation
Lattice is based in San Francisco and also has an office in London. It was set up in 2013.
The firm offers “performance management, employee engagement, development and growth” in one solution. The idea is to provide HR teams real-time analytics for actionable insights. According to its site, the platform has various app integrations – such as with HR software.
The company’s CEO and co-founder Jack Altman says it took on additional capital less than 10 months after closing a Series E round in March 2021 as it wants more action in unspecified industries and geographies.
The new funding round was also joined by existing investors Founders Fund, HighSage Ventures, Shasta Ventures, Fuel Capital, Khosla Ventures and several new angel investors. The new investment brings Lattice’s total funding to over $330 million (£242 million).
Spendesk Seeks Staff
New unicorn Spendesk is based in Paris but has offices in London, Berlin and San Francisco. It was founded in 2016 and offers a “7-in-1 solution” with corporate cards, invoice payments, expense reimbursements, budgets, approval, reporting, compliance and pre-accounting.
The latest funding was courtesy of US investor Tiger Global, with participation from all of its existing investors – Index Ventures, Eight Roads, General Atlantic and eFounders.
This extension to its July round brings Spendesk’s total funding to €260 million (£216 million).
Rodolphe Ardant, Co-Founder and CEO of Spendesk, explains that in the past year alone the firm has hired 100 new staff and helped its customers manage more than €3 billion (£2.5 billion) in spend through its platform.
This year Spendesk will invest in its product and bring on more staff – such as product design, engineering, sales and marketing. (It has 372 employees listed on LinkedIn.)
According to its website, 3,500+ finance teams use Spendesk.
Personetics Fights the Good Fight
The personable folks at Personetics say they have secured a total funding of over $160 million (£117 million). The fintech firm is backed by Viola Ventures, Lightspeed Ventures, Sequoia Capital, Nyca Partners and Warburg Pincus.
The company’s HQ is in New York but it has offices in London, Paris, Nazareth (Israel) and Singapore.
David Sosna, CEO and Co-Founder of Personetics, states: “Data-driven personalisation and customer engagement is the battleground for financial institutions all over the world. Banks are increasingly moving from a passive to a proactive relationship with customers and are looking for new ways to help them improve their financial well-being.”
Personetics provides AI-powered technology which analyses financial data in real-time, understanding individuals’ financial behaviours, anticipating their needs and acting on their behalf. That is all tailored to retail banking, small business, wealth management and cardholders.
The firm was founded in 2011 and its clients include various banks, such as US Bank, Huntington Bank (US), RBC (Canada), BMO (Canada), Intesa Sanpaolo (Italy), Santander (Spain), KBC (Belgium), Metro Bank (UK), UOB (Singapore), Hyundai Card (Korea) and MUFG (Japan).
There’s No Place Like Homesearch
Proptech Homesearch stands out from today’s international crowd as it is homegrown talent and based in London.
The UK tech firm was established in 2017 and says it enables estate agents to generate new leads. Its customers include Knight Frank, Hamptons, Kinleigh Folkard & Hayward, and 1,000+ independent estate agents.
The company plans to expand its product base. In addition, the firm says agents currently using Homesearch see an average 1,100% return on investment (ROI) through using the platform. Part of the latest investment will be used to try and increase that ROI to 1,500% by the end of 2022.
Giles Ellwood, Homesearch CEO, notes: “Our unique way of interpreting and processing data into usable information with straightforward tools allows estate agents to support their clients with finding their dream homes in record time.”