Cyclr, eyeing expansion, receives £2million in a Blackfinch Ventures led funding

SaaS News -Cyclr,-eyeing-expansion,-receives-£2million(source: SaaS Industry)
At a Glance

Cyclr, a UK based embedded integration platform, recently raised a £2million funding led by the investor giant Blackfinch ventures. With a market base spread across the globe, in nations like the US, Canada, Europe, Israel and Australia; this investment shall assist them in enhancing their hiring and in exploring innovation in their domain.

Juno Capital and other existing angel investors of Cyclr also pitched in to support the investment. Recruitments asunder, the mega investment shall assist Cyclr, who are looking to be more innovative in the area of Embedded iPaas (Integrated Platform as a Service) 

Predominantly built for SaaS platforms, Cyclr provides a low-code, easy to use, embedded integration platform for software companies to effectively create, manage and distribute integrations for their clients and end-users. Eliminating a SaaS platform’s time and cost investment in developing software from the scratch, Cyclr enables such SaaS platforms to connect to third-party softwares.

Great SaaS enabler for providing out of the box integrations

Bisser Ivanov, Co founder- Kanbanize

Their customers range from early-stage businesses to large enterprises.

Praising his team for their work in challenging times, Cyclr CEO Fraser Davidson expressed his delight while welcoming  Blackfinch as their shareholder. 

Inspired by Darwin’s Black finches, influenced by Darwin’s theory of evolution, Blackfinch Ventures draws its name from Darwin’s discovery in the 19th century. They invest in the UK’s most talented startups across sectors in fledgling industries having strong ideas. They provide initial and a follow-on funding for these startups, who eye growth and expansion, and work closely with them.

Mr. Davidson feels that the recent Blackfinch investment coupled with the aid of Juno Capital and their “ever-supportive” Angel investors shall amp up Cyclr’s prospects of reaching greater heights by the end of 2021.

Hailing the impressive growth of Cyclr even during the pandemic, Head of Ventures at Blackfinch Reuben Willcock said, “We are very excited to be supporting them on their journey through this investment.”

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