Polyloop, a Belfast, Northern Ireland, and London, UK-based provider of a platform that analyzes how public sector organisations measure the impact of their spending, raised £1.265M in first funding.
The round was led by Creative UK, as well as angel investors from the UK and US, including Wayne Story, former group chief executive of Civica, as well as seed investments from venture capitalists.
The company intends to use the funds to grow their workforce, develop more product features and expand into new markets.
Led by Ralf Alwani and Jak Spencer, Polyloop provides a software tool that tracks the impact of cash in real-time to allow organisations to further their real-world impact, meet their targets and shape future funding decisions. The business has already secured a major contract to measure the impact of healthcare benefits with the NHS.
FinSMEs
10/05/2023