Holtzbrinck leads £10m round for Dealflo

Existing backers Notion Capital and Frog Capital also took part in the round.

The fresh capital will enable the company to invest in product development and expand into new market segments and geographies.

The latest funding round brings the total amount raised by the business to £13.5m.

Previous funding
Notion led a £2m series-A round for Dealflo (at the time known as IOCS) in June 2014, alongside a group of fintech-focused angel investors.

Company
Founded in 2009, London-based Dealflo provides automated compliance, verification and processing services related to complex documents and high-value transactions. Its customers include BNP Paribas, BMW and Prudential. The business has a headcount of 60 across its operations in the UK and North America.

People
Holtzbrinck Ventures – Barbod Namini (principal).
Frog Capital – Mike Reid (managing partner).
Dealflo – Abe Smith (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• United Kingdom
• Holtzbrinck Ventures
• Frog Capital