Threads, Darktrace, Censornet & iwoca make the top 100 list

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We're delighted to reveal that 4 companies from the Talis Capital portfolio feature in this year's league table. The report, entitled Top 100: Britain's Fastest-Growing Businesses identified Threads, Darktrace, CensorNet, and iwoca amongst the companies that have increased in value the most since 2015. Congratulations to them all!

Download a free copy of the
full report here.

Pirate Studios raises $20m from Talis Capital to bring its revolutionary self-service music studios to new markets

Pirate Studios raises $20m from Talis Capital to bring its revolutionary self-service music studios to new markets

  • Investment will fund new locations across UK, US and Germany

  • Fundraising is supported by high-profile investors including Eric Archambeau, Bart Swanson, Gaw Capital

  • Pirate supports musicians with live music opportunities, Pirates Prodigy talent competition and festival stage curation

London, 15 November 2018

Pirate Studios, the fast-growing music technology company, that operates fully automated self-service 24 hour music studios, has secured a strategic investment of $20m from Talis Capital, the London-based VC family office.

The new funding will enable Pirate Studios to continue its rapid expansion across the UK, Germany and the US, where it has been building a community of musicians, DJs, producers and podcasters who need access to professional studios at rates they can afford. The pioneering company, which was created by musicians for musicians everywhere, has also raised money from a syndicate of high-profile investors including Eric Archambeau (Spotify investor and ex partner at Benchmark & Wellington Partners), Bart Swanson of Horizons Ventures, and partners of Gaw Capital, the $20bn Hong Kong-headquartered creative proptech fund.

The key to Pirate Studios success is the deployment of technology to revolutionise its studios. Pirate has built a platform that offers online booking, 24 hour keycode access, automated recording and live streaming as well as complete IoT control of their studios. In doing this Pirate has been able to increase hours of opening and decrease costs for musicians, offering its studios from as little as £4 per hour.

The company began in an abandoned police station in Bristol, UK, where co-founders David Borrie and Mikey Hammerton worked together with friend Fred Wyatt to build a rehearsal studio which they offered on a time-share basis to bands. As the success of this studio grew, David and Mikey saw the opportunity to develop the concept to hourly rental, self-service music studios and began working on a solution together with Matus Maar from Talis Capital who joined as fellow co-founder. Matus introduced the founders to venture capital investor Talis Capital, which has funded the expansion since inception. In three years Pirate has grown to 350 studios in 21 locations - including London, New York and Berlin.

David Borrie, co-founder and CEO of Pirate Studios, said: “When we founded Pirate Studios our dream was to create innovative spaces to support emerging talent. We want to see music thrive and help musicians get their music out to their fans, through whatever route they think is most appropriate. We are building both the physical space to create, as well as the technology to record and share, that puts power back into the hands of musicians in a period when the digitisation of music continues to radically upset the old order of this industry.”

“We are so excited about the next stage of our expansion, which has been made possible by Talis Capital’s big commitment to this project, with the potential to put musicians back at the heart of the music industry. It’s also exciting to see so many new investors come on board with Talis and to help us with the next stage of our journey.”

Matus Maar, managing partner ventures, Talis Capital and executive chairman of Pirate Studios, said: “The music industry has changed fundamentally. Distribution was previously controlled by the major record labels, preventing the majority of artists from sharing their content. Pirate Studios has unpicked that hegemony and is putting the power back in artists’ hands, unlocking a significant and largely untapped market opportunity. We greatly look forward to continuing to partner with David and the team to make this vision a reality.”

Inspired by fast-growing companies like Zipcar and Pure Gym, Pirate Studios is bringing an entirely new service to musicians including:

  • Fully automated studios that can be booked online 24 hours a day

  • HD live streaming, audio reactive lighting and on-demand video and sound recording

  • Artificial intelligence powered mixing and mastering, to balance audio recorded in their studios

  • Online content hosting for bands to store their videoed and recorded musical archive

The company is also dedicated to helping live music thrive, with a community of more than 40,000 musicians who regularly use its facilities. It supports these artists by:

  • Running national talent development programmes (Pirate Prodigy) offering chosen artists major industry support and free studio time.

  • Weekly livestreams showcasing artists from their community across their social channels

  • Gigs, tours and festival stages to provide opportunities for their community to play live

Pirate launched its first ever Pirate Prodigy competition in 2018, which attracted more than 2000 entries from young bands and singers. The winners were chosen by 20 industry experts and a public vote which attracted 50,000 votes, making it the largest UK music competition after The X Factor and The Voice. The winners - The Seamonsters, Alex Ohm, Red Rum Club and Yves - were showcased in gigs across London, Liverpool and Bristol this summer, before taking to the Pirate stages at Isle of Wight, Y Not and Truck festivals.

Following the fundraise, Eric Archambeau will join David Borrie, Matus Maar and Bart Swanson on the board of Pirate Studios.

Talis Capital has backed Pirate Studios since the concept was founded and will support the next phase of growth, during which the company will continue to expand in the UK, Germany and the US. The investment will also fund the development of a content creation platform, which gives musicians access to all their recordings and content.

· Ends –

Media Contacts

sayula@burlington.com

 

About Pirate Studios Pirate Studios operates the largest network of music studios in the world, serving over 50,000 musicians globally. The studios are fully automated and available 24 hours a day for self-service music rehearsal and recording. Pirate uses internet of things-enabled equipment, including online booking, automated live streaming and artificial intelligence in sound engineering. The fast-growing company is building a community of musicians which it supports with gigs, talent competitions, festival stage curation and online promotion.  piratestudios.co.uk

 

About Talis Talis Capital is a London-based venture capital firm that focuses on backing emerging technologies and early stage companies. Talis has completed over $500m worth of transactions since 2009. The VC counts some of the fastest growing tech companies in its portfolio including Darktrace, Onfido, iwoca, Luminance, OhMyGreen, Pirate Studios and Threads among many others.  

For more information, visit www.taliscapital.com

Notes to Editors:

The first Pirate Prodigy Programme to find emerging British music talent was held in April 2018 with support from music industry managers, publishers, agents and PRs team including David Bianchi and John Dawkins (Various Artists Management), Mike Bennett (UTA), Mikey Jonns (This Feeling), Mike Walsh (Radio X), Lyndsey Boggis (Great Escape) and Simon Pursehouse (Sentric).

Studios can be found in: Berlin, Birmingham, Bristol, Cardiff, Cheltenham, Cardiff, Edinburgh, Glasgow, Leeds, Leicester, Liverpool, London, Manchester, NYC, Nottingham, Plymouth, Reading, Sheffield.

Artists who have used Pirate Studios include:

 

Bands

Carl Barat and the Jackals, Kate Nash, Reverend & The Makers, Idles, Dreamwife, Rick Astley, The Correspondents, Keir, False Heads, Bang Bang Romeo, Kavin Sandhu (Happy Mondays)

 

DJs

Toddla T, Eats Everything, Shadow Child, Henry Wu, GotSome, Artwork, Oneman, Plastician, Jamz Supernova, Jus Now, Roska, T Williams, Scratcha DVA

 

MCs

Jaykae, Casisdead, Kojey Radical, Scrufizzer, Nadia Rose

 

Producers

Swindle, Despa, Star One, Interface, Forest Swords, Star One, Rapture 4D

 

AI-powered insurtech omni:us closes Series A funding

omni:us the only AI company of its kind fully focused on insurance, has today announced the closure of a Series A round, bringing its total funding to date to $22.5 million. The investment has been led by Berlin-headquartered VC firm Target Global, followed by MMC Ventures and Talis Capital. Existing investors, Unbound and Anthemis, also participated in the round, demonstrating their continued commitment to the company’s ambitions. This funding reinforces omni:us’ position as a market leader in enabling insurers to become more data-driven and adapt to today’s customer expectations.

As a key player in the major digital revolution currently taking place in the insurance industry, omni:us has developed cutting-edge AI technology that empowers all kinds of organisations within the sector: 8 of the top 10 global insurance companies - such as Allianz, Baloise and AmTrust – count on its deep digital transformation expertise in order to innovate and meet growing customer needs. At the same time, insurtech firms - such as Wefox – use omni:us to boost efficiency and focus on its core competencies.

Sofie Quidenus-Wahlforss, CEO and Founder of omni:us, said: “We know the insurance industry will move from process to data-driven over the coming years. To meet this need, omni:us is the trusted partner, supporting insurance companies along this transformational path. Our deep data based approach enables insurers to better understand their customers and launch new products and services on a more bespoke and individual level. With this round of funding, we will bring our cognitive systems to the next level and expand into the US market later this year.”

Matthew De Jesus, Talis Capital, said: “The calibre of omni:us’ customers, team and Investors are a testament to the solutions it has created, and are uniquely positioned to capitalise on the significant growth of enterprise automation and use of AI in the insurance industry. We are delighted to be partnering with Sofie and her impressive team at omni:us, and look forward to continuing to see the company scale.”

About omni:us:

omni:us is a pioneering artificial intelligence company enabling the insurance industry to transform radically and adapt to today’s customer expectations. The omni:us senior team includes CEO Sofie Quidenus-Wahlforss, along with a team of co-founders including:  Eric Pfarl, CPO; Stephan Dorfmeister, CFO; Martin Micko, COO; and Harald Gölles, CTO. omni:us now has a diverse and passionate team of almost 40 AI and industry experts hailing from four continents. The company is based in Berlin, with plans to also open an office in the US this year (2018).

 

For further information:

Please contact Laura Grant on laura@33seconds.co or +44(0)7765634119

About Talis Capital

Talis Capital is a unique family office venture capital investment fund investing on behalf of a group of ultra successful and strategic high net worth entrepreneurs. Focused on backing emerging technologies Talis has completed over $500m worth of transactions since 2009. The fund counts some of the fastest growing tech companies in its stellar portfolio including Darktrace, Onfido, iwoca, Pirate Studios, Luminance, among many others.

For more information, visit www.taliscapital.com

 

Oh My Green Closes $20M Seed Funding

Oh My Green Closes $20M Seed Funding

Provider of Healthy Food and Wellness Services for Corporations Will Expand Investment in Technology Platform, Market Growth

 

London and San Francisco, 17 October 2018 – Talis Capital,  a unique London based VC family office focused on early-stage technology companies and one of the largest investors in Oh My Green, is pleased to announce a $20 million seed funding round into Oh My Green, a concierge-style provider of healthy food and wellness services for corporations of all sizes.

 

Other investors that participated in the round included Y Combinator, Initialized Capital, Powerplant Ventures, Backed VC, ZhenFund, and Stanford-StartX Fund. The new capital will be used to further advance Oh My Green’s innovative wellness platform, which incorporates artificial intelligence and IoT technology to enhance supply chain management and improve personalization of the company’s food services. Additionally, the funds will support continued growth of Oh My Green’s supplier and customer network in North America, and eventually its international expansion.

 

Founded by Heinrich while he was in graduate school at Stanford in 2014 and backed by Y Combinator in 2016, Oh My Green creates an entirely new food experience for companies, offering a variety of services ranging from the delivery of healthy office snacks and kitchen design and stocking services, to catering, cafe management and wellness programming. The company works with a number of unique suppliers to offer a carefully curated selection of nutritious and delicious products, with the goal of helping companies easily stock their kitchens and cafeterias while amplifying the health, productivity and engagement of their employees.

 

Oh My Green’s offering is built on a technology platform that utilizes machine learning to personalize product recommendations and efficiently manage the supply chain at scale, assuring optimal quality, quantity, and variety while minimizing food waste. When choosing food and beverage suppliers, Oh My Green prioritizes organic, non-GMO and locally sourced products. The company’s customers include organizations like Mixpanel, Greenhouse, Flatiron Health, and many others.

 

According to industry watcher Grand View Research, the global healthy snack market alone is expected to reach $32.8 billion by 2025.

 

“More and more businesses are investing in wellness as a means to improve employee productivity, engagement and retention,” said Michael Heinrich, CEO & Founder of Oh My Green. “Good nutrition is an essential part of any wellness strategy, yet a recent survey by the Center for Disease Control shows that the foods people eat at work tend to contain high amounts of sodium and refined grain. Our mission is to empower companies to provide their people with healthier choices, so that they can reach their full potential, both at work and in their daily lives.”

 

Matus Maar, Managing Partner & Co Founder at Talis, one of the leads, and largest investors in Oh My Green, said: “As corporates the world over increase focus on bringing wellness to the workplace and educating the workforce around the benefits of good nutrition, Oh My Green is perfectly placed to capture the significant market opportunity that exists there. We greatly look forward to partnering with Michael and the entire team at Oh My Green, as they continue to build on the significant momentum they have achieved to date.”

 

About Oh My Green

Oh My Green is concierge-style provider of healthy food and wellness services for corporations of all sizes. Founded out of the Stanford-StartX Fund

and Y Combinator, the company offers a user-friendly wellness platform that brings nutritious snacks, meals, drinks and wellness practices to the workplace through micro-kitchens, micro-markets, catering, café management, subscription boxes and more. Combining innovative AI and IoT technologies for easy ordering, replenishment and account management with a carefully curated selection of products, Oh My Green aims to help companies and their workers Eat Healthy and Work Happy, with the goal of improving well-being, productivity and engagement. With clients ranging from tech startups to Fortune 500 companies, the company is headquartered in the San Francisco Bay Area. Visit www.ohmygreen.com for more information and join our community on Facebook, Twitter and Instagram @OhMyGreenHQ

 

About Talis Capital

Talis Capital is a unique VC family office funded by a group of successful and strategic high net worth entrepreneurs. Focused on backing emerging technologies Talis has completed over $500m worth of transactions since 2009. The fund counts some of the fastest growing tech companies in its stellar portfolio including Darktrace, Onfido, iwoca, Pirate Studios, Luminance, among many others. 

For more information, visit www.taliscapital.com

 

Media Contacts

Ed Brown

Smithfield for Talis Capital

taliscapital@smithfieldgroup.com

+44(0)20 3047 2268

This communication has been prepared by Talis Capital Limited which is an Appointed Representative of Privium Fund Management (UK) Limited (“Privium”). Privium is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom. It is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. This communication is not intended for distribution to retail clients. Past performance does not necessarily predict future results and the capital value of the investments and the income generated can fluctuate. The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG

Copyright©2018, Talis Capital Limited. All rights reserved.

 

Talis leads $3m seed funding round into Edge Intelligence

Talis Capital Announces Strategic Investment in Edge Intelligence

Investment Will Fund Further Product Innovation and Market Penetration in North America

London, UK and Boston September 25, 2018 – Talis Capital (Talis), a London-based venture capital firm focused on early-stage technology companies, today announced it has led a $3 million seed funding round into Edge Intelligence (Edge), developer of the first geographically distributed analytics platform built for both edge computing and hybrid cloud environments.

Existing investors in Edge Intelligence include Jerry Yang, co-founder of Yahoo; Scott McNealy, co-founder of Sun Microsystems, as well as Morado Venture Partners and Wellington Partners. In partnership with Talis and its other investors, Edge Intelligence will invest further in building out its pre-sales, sales, marketing and support functions as well as in expanding its product portfolio, with new analytics solutions required by telecommunications providers and cable multiple system operators.

Revenues for big data and business analytics are expected to grow to more than $260 billion by the end of 2022, according to IDC’s Worldwide Semiannual Big Data and Analytics Spending Guide. The challenge remains for companies to gain timely access to data being generated at the edges of their networks and to gain actionable insight.  Edge Intelligence has built a unique solution for the centralized management and analysis of geographically distributed data. In doing so, it is changing the archaic way in which companies implement secure, scalable and high-performing big data architectures. Its patented technology solution supports fast, secure access to data that may reside in thousands of locations.

“Data is critical for digital transformation success, yet it is becoming increasingly difficult to gain actionable insight from data. Transferring large volumes of data across geographies takes too long, costs too much, and increases data privacy concerns,” said Kate Mitchell, co-founder and CEO of Edge Intelligence. “We've developed a new approach to analytics, making it faster and easier to analyze vast amounts and types of globally distributed data generated by devices, machines and sensors – whether the data is seconds or years old. By keeping data close to where it’s generated without ever having to move the data, organizations gain near real-time, actionable insight to improve operational efficiency, profitability and gain a competitive advantage.”

“As the growth of the Internet of Things continues, Edge Intelligence has created an innovative solution whose analytics capabilities far outstrip the outdated methods of managing and analyzing data, that are currently available in the market,” said Matus Maar, Managing Partner at Talis. “We greatly look forward to partnering with Kate and the entire team at Edge, as they embark on this next, exciting phase of growth.”

  

 

Media Contacts

Edward Brown

Smithfield for Talis Capital

taliscapital@smithfieldgroup.com

+44(0)20 047 2268

Jessica Mularczyk

JHM Public Relations for Edge Intelligence

mularczykpr@verizon.net

508-498-9300

 

About Edge Intelligence

Edge Intelligence has developed the industry’s first distributed analytics platform built for both edge computing and hybrid cloud environments. Communication providers, enterprises and government entities are able to efficiently store, analyze and process all types of data across geographies without physically moving it. Edge Intelligence directly overcomes the challenges that must be addressed to instantly realize actionable insight from big data. Customers gain near real-time intelligence from data whether it is seconds or years old which is critical to success with their digital transformation efforts. To learn more, visit us at www.edgeintelligence.com.

 

About Talis Capital
Talis Capital is a London based venture capital firm and has completed over $500m of transactions since 2009. The fund counts some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, Luminance, Pirate Studios - among many others.

For more information, visit www.taliscapital.com

This communication has been prepared by Talis Capital Limited which is an Appointed Representative of Privium Fund Management (UK) Limited (“Privium”). Privium is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom. It is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. This communication is not intended for distribution to retail clients. Past performance does not necessarily predict future results and the capital value of the investments and the income generated can fluctuate. The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG
Copyright©2018, Talis Capital Limited. All rights reserved.

Talis Capital Announces Strategic Investment in Learning People & Appointment of Senior Adviser to the Board

PRESS RELEASE

·       Investment will fund the expansion of the firm’s B2C and B2B offerings

·       Appointment of Mr. Tony Glass to the Board as a senior adviser

London, UK, 17 September 2018 – Talis Capital (Talis), a London-based venture capital firm focused on technology companies, today announced an investment of $2.5million into Learning People, the UK’s leading online training company, and SkillsFox, its B2B arm serving corporate training and development needs. The investment comes at a time when online training courses are experiencing significant growth, with companies’ demanding specialist skill sets such as cyber-crime prevention for current and potential employees.

The Talis investment will be used to fuel the companies’ geographical expansion, developing an engaging, user-centric platform and building the range of innovative products for both individual and corporate clients.

Launched in 2010, Learning People was founded as a consumer-facing business, providing world-class training and examinations; recognised by a diverse range of exam boards in information security, project management, coding, IT and digital marketing. Over the last four years, more than 15,000 students have enrolled on to its courses. During this time, the company has significantly expanded course material to customers and has stayed at the forefront of the changing needs of the jobs market, equipping customers with the skills they need to get ahead in their careers.

With the global corporate training market alone estimated to grow at a CAGR of 9.79% over the next four years, the launch of SkillsFox aims to capture the significant opportunity here and equip businesses, from SMEs to some of the world’s largest companies, with the tools to upskill their workforce in critical areas such as cyber security, cloud, IT, project management, compliance and leadership skills.

Talis is also excited to announce that Tony Glass has joined Learning People and SkillsFox as a member of the Advisory Board. In this role, Mr. Glass will actively provide day-to-day senior counsel to both businesses, drawing on his experience from a distinguished career in the learning and development industry. Formerly the General Manager EMEA of Skillsoft, the world’s largest online training company, Mr. Glass brings in more than 25 years of leadership, management and operational experience in the sector. Prior to leading Skillsoft EMEA, he was Managing Director of General Physics UK training division (now GP Strategies) and Managing Director of Best Practice at ILX Group.

According to the UK Government’s digital skills crisis report, it is estimated that around 90% of jobs require digital skills to some degree, and that the skills gap costs the UK economy around £63 billion in lost income a year. In addition, the cybersecurity workforce continues to suffer severe work shortages, with the demand expected to rise to 6 million individuals globally by 2019.

Patrick Aylmer, CEO of the Learning People, said: “We are excited to partner with Talis, whose expertise in the tech space will be invaluable as we seek to build out our business and further develop our B2B offering. SkillsFox has seen us enter into a space in which we are convinced we can provide invaluable services to employers, allowing them to upskill and retain talent whilst increasing productivity across the workforce. The introduction of Tony will be invaluable for the team as we continue to experience rapid growth on the UK and international markets. His ability to scale businesses to serve top-level customers in both B2C and enterprise sectors will bring tremendous value

In a competitive space, Learning People has distinguished itself as a market leader, establishing a strong brand and an enviable reputation as a highly-trusted training provider,” said Vasile Foca, Managing Partner at Talis. “The speed of development in technology is disrupting the way people work, both positively and negatively. One of the results is that employees need to gain skills in which they have no experience, or which do not yet exist. Learning People are uniquely positioned to meet the existing demand for knowledge and respond to future technological shifts in demand such as the fast-evolving data security sector. We greatly look forward to partnering with Patrick, Tony, and the whole team as they embark on this next phase of growth.”

 

Ends

Media Contacts

Sam Moodie

Smithfield for Talis Capital

taliscapital@smithfieldgroup.com

+44(0)20 047 2541

 

About Talis Capital

Talis Capital is a London based venture capital firm and has completed over $500m of transactions since 2009. The fund counts some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, Luminance, Pirate Studios - among many others.

For more information, visit www.taliscapital.com

 

About Learning People and SkillsFox

Learning People enables professionals to gain a footing and succeed in the fast-changing digital economy. The company provides online training across Cyber Security, Coding, Project Management, and Digital Marketing among other areas. Founded in 2010 and based in Dublin, Ireland, Brighton, UK and Sydney, Australia, Learning People has helped more than 15,000 professionals to get trained and acquire certifications to reach their career goals. The company's training is based on high-quality self-paced online courses, hands-on Practice Labs, and assessments based on the official certifications.  The company also offers career service to help new starters with their entry into IT job roles and active IT professionals to take the next career step.

SkillsFox aims to help companies to bridge the impending skills gaps in such business-critical areas as Cyber Security, Cloud, Data, IT and Project Management. SkillsFox utilises targeted skills assessments to help in focused delivery of high-quality courses and hands-on labs. Learn more at www.learningpeople.co.uk and www.skillsfox.io.

Talis Capital Limited is an Appointed Representative of Privium Fund Management (UK) Limited (“Privium”). Privium is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom. It is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. This communication is not intended for distribution to retail clients. Past performance does not necessarily predict future results and the capital value of the investments and the income generated can fluctuate.

The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG.

Copyright©2018, Talis Capital Limited. All rights reserved.

Portfolio Update - 31.08.2018

ClauseMatch have joined the Investment Association, the UK's trade body representing investment managers with over £6.9 trillion assets under management, as their first FinTech member.

 

Narrativ have graduated from German software giant SAP's Foundry accelerator and have been given access to SAP's extensive partner and customer network including enterprises such as Coca Cola and General Electric.

 

Homelyfe have launched their partner program, enabling third party firms to provide Homelyfe's insurance offering alongside their products, and have partnered with Premium Credit, a leading UK premium finance enterprise with over 2.2 million customers.

 

Portfolio Update - 19.07.2018

Narrativ have been recognised as one of the world’s most promising Technology Pioneers by the World Economic Forum, a prestigious achievement previously held by Google, AirBnB and Spotify, and have now formed connections with leading fashion companies after recently graduating from the New York Fashion Tech Lab. 

 

Luminance have secured over 100 customers, including 11 of The Global 100 law firms, within two years of launch and are now aiming to accelerating their growth by expanding into the regulatory compliance and litigation sectors.

 

Onfido have been recognised as one of Europe's top five FinTech start-ups by FinTech 50 following a competitive selection process against 1,800 firms, and have recently announced a partnership to authenticate buy-to-let investors for LendInvest, the UK's largest mortgage marketplace platform.

 

iwoca have achieved profitability in H1 2018 after achieving 100% annual revenue growth in each of the last three years, and have now lent over £500m to 20,000 businesses since their launch earlier in 2012.

 

Talis Capital-backed Narrativ Recognised As World Economic Forum Technology Pioneer

Company honoured for building technology to re-architect an independent and profitable media ecosystem

(LONDON, June 21, 2018), Narrativ, an innovative media technology company backed by Talis Capital (‘Talis’) has been honoured by the World Economic Forum (‘WEF’) as a 2018 Technology Pioneer.

Narrativ’s SmartLink AI transforms hard-coded links into intelligent, continuously self-repairing nodes - creating an open marketplace for product links while ending the 404. To date, SmartLink AI has restored more than one billion links, impacting more than 200 million internet users every month.

The World Economic Forum Technology Pioneers is a community of early-stage companies from around the world poised to have a significant impact on business and society.  Past recipients of the award include Google, AirBnb, Kickstarter, Blockchain, Palantir and Wikipedia. Other Talis-backed winners of the award include Darktrace and Onfido.

Narrativ’s technology unlocks a new revenue source for publishers by democratizing 100mm consumers, creating a sustainable business model that maintains integrity for the 4th estate. The Company was founded by Shirley Chen, former consultant at McKinsey & Company and Director of Marketing and Business Development at Moda Operandi. She is one of 14 female founders recognized by WEF this year.

Talis participated in the angel funding round and went on to lead the seed funding round in Narrativ, which also included participation from New Enterprise Associates. These investments have allowed Narrativ to innovate further through investment into technology and to continue to drive the expansion of the business.

Narrativ’s mission is to build a strong technology foundation for journalism and commerce. It’s our generation’s responsibility to build a sustainable and profitable media ecosystem,” said Shirley Chen, CEO and Founder of Narrativ. “The foundation of this ecosystem is free-flowing data, accessed by working links. We need to restore links for the benefit of every user of the Internet - publishers, advertisers and consumers alike.”

Matus Maar, Managing Partner and Co-founder of Talis Capital said: “Narrativ is shaping the future of journalism and commerce on the internet. By devising innovative technology that repairs crumbling digital infrastructure, Narrativ is improving the internet for users, publishers and advertisers alike. The scale of this undertaking should not be understated, and its work is vital to the health of a digital ecosystem. Today’s award is testament to Narrativ’s achievements and further demonstrates how technologies can improve the state of the world.”

The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. There is also a wide variety in the technologies the pioneers focus on: the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics.

Portfolio Update - 14.06.2018

Darktrace have become Cambridge's youngest surviving Unicorn after achieving a $1.25bn valuation only five years after launch, and were recently named as one of the top global startups on CNBC'S Disruptor 50 list alongside Uber and Airbnb.

 

Luminance were interviewed by the BBC as a legal AI market leader after securing over 80 customers, including ten of The Global 100 law firms, and continue to perform well after winning "Startup Tech Company of the Year" at the National Technology Awards.

 

Onfido's COO was ranked 4th in Business Insider's "UK FinTech 35 under 35" after overseeing Onfido's growth from inception to an ID Verification market leader with over 1,500 clients and $60m raised from world-class investors including Salesforce and Microsoft Ventures.

 

Homelyfe have joined Startups 100, a list highlighting the top 100 UK startups launched in the last three years, for their impressive platform which allows customers to find and buy home insurance in 85 seconds.

 

Portfolio Update - 08.05.2018

Luminance have announced their regulatory compliance solution following a trial with a major retail bank where they achieved 85% time-savings for its GDPR review, and have now secured over 75 clients including ten of The Global 100 law firms.

 

Price f(x) have partnered with Bain & Company, one of the world's top management consultancy firms, where their pricing optimisation software will be used to support Bain's extensive client base.

 

Pass the Keys have been chosen as one of the first three UK partners for AirBnB's professional co-hosting programmme following their impressive short-term rental track record with over 5,000 guest stays completed since their launch in 2015.

 

Senrio have been raising awareness of IoT chained attacks, where attackers hack vulnerable IoT devices to gain access to enterprise networks, and publicly demonstrated an attack at RSA, one of the world's largest cybersecurity conferences.

 

Regtech Company ClauseMatch Raises $5m in Series A Round Led by Index Ventures

ClauseMatch Press Release Logos.JPG

Talis Capital is pleased to announce its involvement in the $5m Series A fundraising for ClauseMatch, a RegTech start-up that aims to automate the entire regulatory lifecycle to help companies ensure compliance. ClauseMatch works with the world’s leading financial institutions, legal firms and corporates.
 
The investment round was led by Index Ventures and included participation from previous investors including SpeedInvest. The round also involves investment from high-profile angels Tom Glocer, former CEO of Thomson Reuters, and Cristobal Conde, former CEO of Sungard.
 
The funding will be used to continue to rapidly scale-up and accelerate development of the product.
 
Vasile Foca, Managing Partner at Talis Capital: "ClauseMatch has created, and are delivering, a revolutionary and efficient solution to processes that compliance and regulation have unfortunately made burdensome for large and small companies alike. ClauseMatch has achieved tremendous traction already, and we are very excited to be supporting them in this next stage.
 
"Our goal is to create a compliance platform that is fully automated, smooth and effortless, that enables people responsible for compliance to be more proactive and strategic, and that increases full transparency and the state of compliance across the board. Equally, we are aiming to bring regulators to the table so that both sides of financial services are connected,” said Evgeny Likhoded, ClauseMatch CEO and co-founder.

ClauseMatch Team Pic.jpg

LONDON, April 25, 2018 -- ClauseMatch, the RegTech startup that aims to automate the entire regulatory lifecycle to help companies ensure compliance, has announced a Series A investment of $5 million led by Index Ventures joined by Talis Capital and with participation from previous investors, including SpeedInvest. The round also involves investment from high-profile angels Tom Glocer, former CEO of Thomson Reuters, and Cristobal Conde, former CEO of Sungard. The funding will be used to continue to rapidly scale-up and accelerate development of the product.

Compliance, legal, finance, operations and risk departments use ClauseMatch to help automate impact assessments, streamline the implementation of regulatory change and to collaborate effectively on thousands of documents across the entire organisation. ClauseMatch applies deep understanding of the regulatory lifecycle and machine learning to standardise and automate processes and workflows across teams, reducing costs, speeding up implementation and demonstrating compliance to regulators. Comprehensive audit trail delivers accountability, transparency and assurance into readiness for the next review of current governance documentation, internal controls and their links to the applicable regulations.

ClauseMatch works with the world’s leading financial institutions, legal firms and corporates including Barclays following the time at Barclays Accelerator Program, and Intesa San Paolo. ClauseMatch is also being tested as part of the third cohort of companies in the Financial Conduct Authority's (FCA) Regulatory Sandbox supporting a top-tier bank with its technology.

"Since their graduation from the Barclays Accelerator, powered by Techstars, in 2014, our relationship with ClauseMatch has grown from strength to strength. Thanks to features such as a full audit trail, in-built governance, and centralised access, we’ve found ClauseMatch to be really useful for high-risk internal documentation, which is why they are now mandated for all global policies and standards across the Barclays Group. We’re very proud to have come on this journey with them, and look forward to growing with them in the future.”- Steven Burman, Managing Director, Compliance Operations and Controls at Barclays, commented. 

With 800 regulators globally, the regulatory burden on financial services companies is already great. Global banks currently spend 20 per cent of their operating costs on compliance and employ thousands of people dedicated to managing the processes manually. These costs are expected to double by 2022, according to some estimates. Even with all their compliance efforts, companies still get fined for non-compliance because of a lack of a centralised policy framework and poor conduc.

"Our goal is to create a compliance platform that is fully automated, smooth and effortless, that enables people responsible for compliance to be more proactive and strategic, and that increases full transparency and the state of compliance across the board. Equally, we are aiming to bring regulators to the table so that both sides of financial services are connected,” said Evgeny Likhoded, ClauseMatch CEO and co-founder.

Jan Hammer, Partner at Index Ventures added: "The regulatory system is broken. Regulators don’t have a full view of how regulation impacts the industry, over-regulating as a result, whilst companies struggle to keep up and stay compliant. We believe ClauseMatch can make the entire regulatory ecosystem function much better for both the regulated and the regulator, by providing new, simple to use tools replacing outdated document management and word processing software.”

Vasile Foca, Managing Partner at Talis Capital supported this with: "ClauseMatch has created, and are delivering, a revolutionary and efficient solution to processes that compliance and regulation have unfortunately made burdensome for large and small companies alike. ClauseMatch has achieved tremendous traction already, and we are very excited to be supporting them in this next stage.”

 

Media contact: 

ClauseMatch
Anna Antimiichuk
anna@clausematch.com  
+447408812657

Talis Capital
Charles Harrison
Charles.harrison@smithfieldgroup.com
+447884136143
 

About ClauseMatch
ClauseMatch is a collaboration platform that applies machine learning to help compliance, legal, finance, operations and risk departments automate impact assessment and collaborate effectively throughout the entire implementation process. It ensures compliance, reduces costs, demonstrates compliance to regulators and speeds up implementation.
For more information, go to www.clausematch.com.

About Index Ventures
Index Ventures is a London and San Francisco-based international venture capital firm that helps the most ambitious entrepreneurs turn bold ideas into transformative global businesses. Index supports companies across all stages, from seed to venture to growth. Index-backed companies include Adyen, Deliveroo, Dropbox, Farfetch, Funding Circle, Slack and Supercell.
To learn more about the Index, visit www.indexventures.com.

About Talis Capital
Talis Capital is a London based venture capital firm, focused on technology companies within three key areas: Security, Business Intelligence/SaaS and Financial Services. Talis Capital has completed over $380m of transactions since 2009 and has an outstanding returns track record. Talis has made over 30 venture investments and count some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, Luminance, Pirate Studios - among many others.
For more information, visit www.taliscapital.com.

Portfolio Update - 13.04.2018

eporta have raised a $8m Series A round, supported by Talis, to double their team and expand overseas after securing an impressive 10,000 buyer customer base including Hilton Hotel Group, Accenture and Ted Baker.

 

Pirate Studios have announced the 30 finalists for their Pirate Prodigy Programme, narrowed down from over 2,000 applications, which has proven to be immensely popular with over 70,000 votes cast for UK emerging music talent.

 

Onfido hosted a roundtable discussion with ID verification industry leaders regarding the difficult task of meeting data privacy requirements without compromising end user experience, and expected trends following the upcoming implementation of GDPR.

 

Interiors marketplace eporta raises $8M Series A Round

In this day and age of higher expectation in offices, sourcing your furniture from Ikea  no longer cuts the proverbial mustard. But the furniture industry is notoriously old fashioned, forcing buyers to leaf through hundreds of paper catalogues, most of which are outdated by the time you get around to ordering. The global design and furniture industry is worth $700 billion, and yet most of its processes for customers are stuck in a previous age. Wouldn’t it be better if someone digitised those manufacturer catalogues, and allowed you to order direct, cutting out the middle-men?

This is what eporta is. This London-based B2B interior marketplace startup, has now raised $8 million in a Series A funding round led by US investor Canvas Ventures. It also includes venture capitalists LocalGlobe, Oxford Capital Partners, Talis Capital, Samos Ventures, as well as angel investors Guy Hands, Ed Wray (co-founder, Betfair), Rohan Blacker (founder, sofa.com), Simon Kain (co-founder of Zoopla) and Will Cooper (founder, Achica.com).

Founded in 2015, eporta allows interior designers, architects, property developers, offices and other businesses to find and purchase furniture pieces directly from manufacturers around the world online. The Hilton Hotel Group, Accenture,  Ted Baker, and Charlotte Tilbury are included amongst its clients.

Eporta lists over 1,000 sellers in 55 countries and over 10,000 buyers in 85 countries. The idea is that companies that purchase items on eporta can expect to save up to 50% off retail pricing. eporta’s revenue model enables suppliers to pay a low commission to utilise the platform. The service is free for buyers to sign up to, with best pricing guaranteed.

The startup was founded by Manchester-born and Oxford University-educated Aneeqa Khan who previously led strategy at property marketplace Zoopla  and oversaw its £919 million IPO in June 2014. Her technical cofounder is Simon Shillaker, a friend from university.

Khan said: “Our manufacturer base is now the largest global database of manufacturers online for trade.” And she says small interior designers can use the service, as well as larger businesses. “If you are someone who has a project — it could be a commercial project or a residential project — if you’re using eporta you’re going to find the best pieces and you’re going to have more selection than you would do anywhere else in the world.”

Recent projects include a large office fit-out for Accenture (where they worked with Studio Jenny Jones interior design practise), the start-up make-up brand Charlotte Tilbury who worked with them to fit out their new space, and Ted Baker’s property development arm on a range of projects.

 

Source: https://techcrunch.com/2018/04/10/interiors-marketplace-eporta-raises-8m-led-by-canvas-ventures/

Portfolio Update - 28.03.2018

Darktrace have detected mass clandestine cryptomining operations, with up to 55% of all global organisations estimated to be affected, after uncovering a hidden cryptomining side business operating under the floorboards of a European bank's data center.

 

Onfido represented London in an interview with the World Economic Forum where they defended London as the fintech capital of the world due to its strong spirit of collaboration between regulators and start-ups, rich tech talent pool, and extensive network opportunities.

 

CensorNet have launched their new USS solution, combining patented smart user authentication with sophisticated threat protection, after being named in Gartner's first ever Magic Quadrant for Cloud Application Service Brokers.

 

Portfolio Update - 15.03.2018

iwoca have promised to provide £100m business loans to SMEs in North England by 2020 as part of their ongoing efforts to support the Northern Powerhouse, and continue to achieve impressive traction with over 45,000 transactions completed since 2012.

Second Home have announced their upcoming Clerkenwell site, due to open in Autumn, which will cater primarily to their extensive corporate client base including Ernst & Young, Volkswagen and Santander.

 

Pass the Keys, the UK’s leading AirBnB rental management provider, discuss how property owners can take advantage of the rapidly growing short-term property rental market to maximise their rental returns.

 

Talis Capital is Hiring

After a record number of investments in 2017 and a huge growth year for Talis’ portfolio, the team is looking to bring on board a new Associate. As Talis continues to increase its AUM and number of investments in its portfolio, the team now needs additional resource to help execute new investments and manage the portfolio.

Talis Capital is an early-stage VC (Series A & B focus) that supports industry-changing and leading technology companies. Talis’ portfolio includes some of the most exciting European start-ups such as Darktrace (led Series A), Onfido (Series B & C), iwoca (sole Seed) and Pirate Studios (incubated, sole Seed & Series A) - as well as sort-after early-stage companies including Luminance and Price f/x. Talis closed over $400m of deals since 2009 and mostly leads 5-10 new investments per year, on top of number of follow-ons from their existing 40+ growing portfolio.   

The Talis team identifies and invests in both technology and tech-leveraged real businesses and has a unique perspective from its hybrid approach to private equity & venture capital. Talis only supports sustainable business models with high calibre founding teams and has a sharp focus on a handful of B2B themes (including AI leveraged cyber security, financial services, insurance-tech, prop-tech and IoT).

At Talis we also incubate / build own companies. Pirate Studios, Skwire & Learning People are just some of them and the Associate will have hands on entrepreneurial experience building these or new companies.

Associate Position

We are looking for a talented individual to join Talis where you will; gain great exposure to the European and US tech ecosystem, meet exiting new start-ups, track some of the fastest growing tech companies and work side-by-side with the Partners to find new opportunities and execute on them from origination to close.

You will

  • Take a leading role in investing and managing venture investments (typical investments range from £1-10m from Series A-B
  • Responsible for identifying investment opportunities, preparing investment recommendations, taking meetings, undertaking extensive due diligence and financial modelling
  • Contribute to all aspects of deal flow, from own initiative sourcing to initial evaluation of potential investments to assisting with deal execution and closing.
  • Provide detailed company and sector research and analysis.
  • Monitor post-investment activities such as keeping up-to-date on portfolio performance
  • Board representations experience
  • Conduct research for marketing, deal sourcing and fund raising

Qualifications

  • Graduated from a top tier university
  • Minimum 3 years’ experience in a relevant industry (Investment Banking, Investment Consulting, M&A/Corporate Finance, Private Equity, Venture Capital).
  • Solid financial and business modelling skills
  • Great presentational skills
  • A self-starter.
  • Good transactional experience.
  • Strong analytical abilities.
  • Strong communication skills.
  • Ability to work independently & in a start-up environment.
  • Keen interest in technology and start-ups.

Benefits

  • You will be joining a dynamic and entrepreneurial team, friendly and non-hierarchical.
  • You will get a chance to interact with the most exciting technology entrepreneurs, companies and investors, and be at the forefront of tech innovation
  • You will get a chance to attend technology conferences and start-up networking events
  • Free personal trainer team sessions 3x a week at midday
  • Team offsites 2x a year (latest were ski trip in Megeve chalet and villa in Ibiza)
  • Market competitive salary and bonus.
  • Fast track carry opportunity for the right candidates.

Apply for the job by sending a cover letter and your CV to info@taliscapital.com

 

Portfolio Update - 21.02.2018

Pirate Studios hosted Kerrang!’s Band Practice series at their London Studios in Earlsfield to promote one of the UK’s leading independent artists – Dead! The collaboration has already hit over 26,000 views on Pirate’s Facebook page, and has been shared to Kerrang!’s 920,000 weekly listeners.

They have also just launched their Pirate Prodigy Programme to support their 20,000 musician community by giving three bands the opportunity to partner with leading music publishers and radio executives including the BBC, Radio X and Sound City. Winning bands will also benefit from unlimited free use of Pirate’s rehearsal facilities, extensive promotion across social media, and one-to-one mentoring from industry professionals. 

     

 

 

Darktrace have been recognised in Fast Company’s “2018 World’s Most Innovative Companies” list alongside leading technology enterprises including Apple, Amazon and Spotify. This joins their long list of over 75 awards as they continue to expand across multiple sectors with clients including Drax, the UK's largest power supplier, and accounting giant Grant Thornton.

     

 

 

Luminance have expanded to Singapore after securing three of its Big Four law firms, and continue to gain traction after signing with Bird & Bird, a leading global law firm with over 1,200 lawyers. This marks an impressive achievement for Luminance who have now cemented their presence in APAC and completed over 200 global live transactions since their launch earlier in November 2016.

     

 

 

Homelyfe have launched their new Home & Contents insurance offering to simplify the home insurance process by only asking customers four simple questions compared to the current system where only 4% of buyers are able to accurately answer the typical dozens of required questions in one sitting.