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Factory News

Founders Factory Portfolio: Top Fundraises

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Factory News

Founders Factory Portfolio: Top Fundraises

Words Founders Factory

January 1st 2025 / 8 min read

As startups look to scale, raising capital is vital. Giving founders the tools to fundraise, and connecting them to the right investors to turbo charge their growth, is critical to the support we offer.

Across our global portfolio, our startups have gone on to raise over $1 billion in follow-on funding. Here, we look back on some of the biggest funding rounds to date across our portfolio.

Looking for fundraising support? Check out our Fundraising Guide.

Interested in receiving more insights like this straight to your inbox? Subscribe to our newsletter and join 19k founders, investors & innovators.

Read here

Shop Circle, $120M

Funding round: Series A

When: 2023

Total raised to date: $185M

After emerging from stealth mode in 2022, ecommerce aggregator Shop Circle announced initial pre-Series A funding of $65M, helping them build out their suite of ecommerce tools for Shopify merchants. Just over a year later, they announced fresh Series A funding of $120M, led by 645 Ventures and 3VC, with participation from previous backers QED Investors and NfX.

Learn more about the Shop Circle story here

Storyblok, $80M

Funding round: Series C

When: 2024

Total raised to date: $138M

Launched in 2017, Storyblok aims to provide a headless CMS platform, offering a middle ground between rigid templates and those that offer a full-control approach. Several funding rounds have helped them achieve their global reach, most recently celebrating an $80M Series C funding round in 2024, backed by Brighton Park Capital.

Perlego, $50M

Funding round: Series B

When: 2022

Total raised to date: $85.6M

Launched to transform access to academic textbooks, Perlego has grown a library of over a million textbooks with 500K subscribers. They joined Founders Factory in 2018 as a team of just 8, now numbering over 120. In 2022, they raised a $50M Series B to fuel their growth, backed by Mediahuis Ventures, bringing their total raised to over $65M.

Read Perlego founder Gauthier’s story here

Peptone, $40M

Funding round: Series A

When: 2022

Total raised to date: $42.4M

Translational biophysics platform Peptone uses machine learning and supercomputing to solve complex disordered proteins that could help unlock a new class of therapeutics and drugs. Founder Kamil Tamiola has researched a PhD in this field, and since founding Peptone in 2018, has raised a significant amount of funding to turn research into a commercially scalable business. This includes a $40M Series A in 2022, led by F-Prime Capital and Bessemer Venture Partners.

Dronamics, $40M

Funding round: Pre-Series A

When: 2023

Total raised to date: $75.4M

Dronamics are building the world’s first fleet of cargo drones, making middle-distance delivery faster and more carbon efficient than ever. To develop their Black Swan drone, and fund manufacturing of their fleet, required significant amounts of capital. In 2023, this included a $40M pre-Series A, backed by Speedinvest, Eleven Capital, and strategic investment funds for Abu Dhabi and the UAE.

Landvault, $25M

Funding round: Series B

When: 2021

Total raised to date: $38.5M (exited 2024)

Over the last few years, Landvault has transitioned from cornering the in-game advertising market to becoming one of the most valued partners for brands looking to create and monetise virtual worlds. Several significant raises fuelled this, including a $25M Series B in 2021 led by Elefund and DIP Capital. In 2024, they announced their acquisition by Infinite Reality, who valued the business at $450M.

Read founder Sam’s story of building Landvault

FundamentalVR, $20M

Funding round: Series B

When: 2022

Total raised to date: $29.6M

FundamentalVR is an immersive simulation platform supporting the training of medical professionals, in particular surgery, through the use of VR and MR (mixed reality). Founded in 2012, the business has capitalised on growing availability and proficiency of VR technology. In 2022, they announced a $20M raise, led by EQT Life Sciences, bringing their total raised close to $30M.

Previse, $18M

Funding round: Series B

When: 2022

Total raised to date: $37.8M

Fintech startup Previse is transforming payment solutions for SMEs, using AI and data to help make better working capital solutions for businesses. Founded by Paul Christensen, Giulio Rossi, and Philipp Schoenbucher, they joined the FF Fintech Accelerator backed by Aviva in 2017. In 2022, they added to previous funding rounds by raising a $20M Series B, led by Tencent.

Tembo, $17.3M

Funding round: Series B

When: 2024

Total raised to date: $26.5M

Built in our Venture Studio, Tembo has quickly established itself as the go-to platform for first time homebuyers, offering a range of a solutions for mortgages, family lending, and saving. In 2024, they announced their $17.3M Series B, led by Goodwater Capital.

Learn more about how Richard Dana built Tembo in our Venture Studio

Cosmose, $15M

Funding round: Series A

When: 2020

Total raised to date: $27M

Cosmose is an AI platform that understands, predicts and influences how billions of people shop offline by seamlessly adding data-driven actionable insights back to their online and digital assets. Their KAIKAI app offers gamified shopping and saving experiences, and has over 1 million users. In 2020, they raised a $15M Series A, led by Tiga Investments.

Scan.com, $12M

Funding round: Series A

When: 2023

Total raised to date: $67M

Since launching in 2017, Scan.com has established itself as one of Europe’s fastest growing businesses. They’re building the booking infrastructure for diagnostic scans, making it easier for consumers to book, pay for, and access test results. In 2023, their $12M Series A was co-led by Aviva Ventures and Oxford Capital.

Xapien, $10M

Funding round: Series A

When: 2024

Total raised to date: $18M

Xapien are demonstrating the powerful potential of LLMs to the world of due diligence, accelerating background checks that might take weeks into a matter of minutes. Their product has seen considerable traction in recent years, and a recent $10M Series was backed by YFM Equity Partners.