London-based Foundy has announced that it has secured a £1.25M round led by Fuel Ventures.
Based out of London, Fuel Ventures is a technology fund investing in marketplaces, fintech, platforms, and SaaS companies and has also invested in startups including Guider and Journee this year.
The UK company has built its marketplace to modernize the M&A industry for startups.
The company will use the funds to grow its engineering, marketing, and account management teams as it plans to expand its product offering and international presence.
Unlike traditional acquisition processes, which take 9 to 18 months, incur unnecessarily high fees and suffer delays, Foundy claims to reduce the time it takes to buy or sell a company, making it up to 4x faster.
The Foundy platform connects buyers, sellers, investors, and M&A advisors to help make the acquisition process simple, safe, and secure.
The company’s platform provides technology startups, including SaaS, eCommerce, and Web3, with affordable access to the UK and international buyer and investor networks, advisory services, and resources to complete rewarding exits for their shareholders.
The fresh capital is aimed at growing the engineering, marketing, and account management teams.
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