Eurazeo Growth has led the extension, with British Patient Capital and SEB also coming in as new investors. Royal Park Partners acted as financial adviser. This brings the round’s total value to USD 125 million, following USD 83 million secured in March 2020 led by Draper Esprit and joined by Lloyds Banking Group, IQ Capital, Backed, and Playfair Capital.
According to the official press release, with this new round of financing, Thought Machine will continue to invest in growing its business internationally – also hiring in APAC, US and Australia, while continuing to develop new products and features, including its upcoming payments solution.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.