Tech Company Financing Transactions
Thought Machine Funding Round
On 3/3/2020, Thought Machine announced $83 million in Series B investment from Draper Esprit, Backed VC and IQ Capital Fund.
Transaction Overview
Company Name
Announced On
3/3/2020
Transaction Type
Venture Equity
Amount
$83,000,000
Round
Series B
Investors
Draper Esprit (Lead Investor) (Vinoth Jayakumar)
IQ Capital Fund (Max Bautin)
Proceeds Purpose
The company plans to use to continue investing in its platform and growing its customer base.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Albert House 256-260 Old St.
London, EC1V 9DD
UK
London, EC1V 9DD
UK
Phone
Undisclosed
Website
Email Address
Overview
Thought Machine is one of the UK's leading fintech companies and is undergoing a period of rapid expansion. Our mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is stuck on a legacy IT platform, which cripples their ability to innovate and give their customers the type of service they deserve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Richard Little
Chief Executive Officer
Paul Taylor
Chief Financial Officer
Chris Bujakowski
Chief Operating Officer
Gareth Richardson
Chief Technical Officer
William Montgomery
VP - Bus. Development
Travers Clarke-Walker
VP - General Counsel
Gemma Warrick
VP - Human Resources
Mark Warrick
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