City Pantry and Mobilus Labs complete funding rounds, supported by Newable Private Investing
4th September 2018
Newable Private Investing have helped Mobilus Labs and City Pantry in completing successful funding rounds.
London-based food start-up City Pantry announced it has closed a £4million Series A funding round, led by Octopus Investments with participation from existing investors and Newable Private Investing.
The funds will be used to continue the company’s triple-digit growth in London whilst also beginning expansion to new markets, targeting cities across the UK over the next 18 months.
The company, which was founded by Stuart Sunderland in 2013, is transforming the way employees eat by bringing food from exciting local caterers and restaurants direct to offices, covering events, meetings, and team meals.
For more information, visit www.citypantry.com
Mobilus Labs, the creator of a wearable device which enables teams to connect at a distance, has raised £1m in funding.
The company’s round was ld by Ascension Ventures and drew support from Entrepreneur First, Newable Private Investing and others.
Mobilus’, which is a graduate of Entrepreneur First’s eighth cohort and is currently a part of Telefonica/O2’s Wayra 2018/19 cohort, platform uses a proprietary two-way bone conduction technology to receive and transmit voice communication through micro vibrations on the user’s head.
To date, Mobilus has won paid trial contracts with Bouygues UK and BAM Nuttall to test its integrated voice communications system in real construction site environments.
These trials will be conducted over a period of 9 months, beginning this month – with a focus on onsite data collection, human factors and noise data for each site.
Additionally, as part of Telefonica WAYRA, Mobilus is working closely with O2 to identify commercial opportunities with its major construction clients as well as its clients in the blue light sector.
McRae, an ocean and space robotics engineer from MIT and Stanford University, said: ‘I was immediately convinced of two things: one, voice is our most natural and fundamental medium for communication.
“Two, there was an opportunity to totally reinvent voice communication, even in the most extreme environments. I immediately started making prototypes, joined the EF8 cohort of Entrepreneur First, and shortly after I met Ascension who became the lead investor for the seed round. I am delighted to have them on board and look forward to turning Mobilus into the next generation platform for voice communication”
“This was Ascension’s final investment from its ASCEND SEIS Fund IV and we’re delighted to be co-investing alongside Wayra, EF and Newable again,” he concluded.
For more information, visit mobiluslabs.com
For more information on Newable Private Investing, visit https://investment.newable.co.uk/.
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