Proximie, Allica Bank, Clausematch and Opply Get Tech Funding in London

Healthtech, fintech, regtech... and all washed down with some beverages.

There are marvellous developments in London with Proximie, Allica Bank, Clausematch and Opply obtaining tech funding.

Health technology platform Proximie has picked up $80 million (£66 million) in a Series C equity financing round.

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, has announced a new £30 million Tier 2 capital facility for SME-focused Allica Bank.

Clausematch, a regtech company automating policy management and compliance, has closed a $10.8 million (£9 million) funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund.

Automated B2B supply chain platform Opply has raised $4 million (£3.3 million) in seed funding from Chalfen Ventures and Anthemis Group.

‘Scrub in’ with Proximie 

Proximie’s platform digitally connects operating rooms (OR). The company uses a combination of machine learning, artificial intelligence (AI) and augmented reality to allow clinicians to virtually ‘scrub in’ and collaborate with each other from anywhere in the world.

The investment follows a year in which the tech firm worked with over 13,000 surgeries, and expanded its global footprint to 100 countries.

The funding round was led by Advent Life Sciences, with participation from new investors Emerson Collective, SoftBank Vision Fund 2, British Patient Capital, Mubadala Investment Company and the Minderoo Foundation. Existing investors F-Prime Capital, Eight Roads, Questa Capital, Global Ventures and Maverick Ventures also participated in the round.

Dr. Nadine Hachach-Haram, CEO and Founder of Proximie, says: “Our vision is to democratise surgery through better data by connecting every OR and Cath Lab in the world. We began this journey enabling surgeons to virtually join any OR. Now, we’re using this capability to digitise the operating room, bringing patients the collective expertise of the best surgeons in the world.”

Proceeds will be used for development of its products and services, build out Proximie’s marketplace ecosystem and for its OR operating system.

The completion of the fundraise means Proximie has raised a total of $130 million (£107 million) since inception in 2016.

All About Allica 

Allica Bank has been lending to smaller businesses since “March 2020” (it was founded in 2017), committing over £560 million in loan offers in 2021; and says it is set to offer £1 billion to smaller businesses in 2022.

This Tier 2 facility will be used for additional lending to UK smaller businesses of up to £250 million.

Judith Hartley, CEO, British Business Investments, explains: “Challenger banks like Allica help diversify the UK’s smaller business finance market and this, in turn, helps smaller businesses across the UK to access the finance they need to grow.”

In November 2021, Allica announced a £110 million Series B funding round led by Atalaya Capital Management, alongside existing lead investor Warwick Capital Partners.

Earlier this year, London-based core banking platform and services provider SaaScada bagged a deal with Allica to help it launch a new product range in the SME sector.

While this month, Allica announced its go-live on cloud banking platform Mambu.

Clausematch Plays Portal 

Clausematch says the new financing will be used for its commercial activities in the US and to invest in its product, technology and data science teams. The new funds bring the total investment to date to over $20 million (£16.5 million).

The fintech firm provides a Software as a Service platform (SaaS) for management of compliance documents and processes.

Since its last funding, the team has launched a new core module, Policy Portal, which has been adopted by “all of Clausematch’s biggest clients”. Policy Portal is designed to be a single real-time repository of all policies and procedures across an organisation.

The company has over 180,000 users, and has more than doubled its customer base in 2021. Clausematch points out that it counts several Tier 1 banks in North America and Europe, including Barclays, as clients.

Opply Thirsty for More

Opply’s platform and marketplace connects small to medium-sized food and beverage consumer brands with suppliers.

Launched eight months ago, the tech firm provides a supply platform that covers such matters as sourcing, workflows and payment systems.

Opply explains that its technology uses AI to match brands with the right suppliers.

It currently works with brands such as Bold Bean Co and Acid League.

Helen Murphy (CEO) co-founded Opply. She spent more than ten years at such consumer goods brands as P&G, Bain and her own consumer company.

Opply will use the new funding to build out its engineering and commercial teams. It currently has 14 employees listed on LinkedIn.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.
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