Albion leads $1.8m seed round for Hazy

The VC house deployed capital from UCL Technology Fund. The vehicle, which is managed by Albion in collaboration with University College London Business, held a final close on £50m in January 2016. It invests exclusively in projects led by UCL academics.

Amadeus Capital Partners, Nationwide Building Society, Pentland and AI Seed also took part in the investment.

Previous funding
Hazy raised £340,000 in a pre-seed round led by Albion in October 2017; Albion drew capital from its UCL Technology Fund. Ascension Ventures and AI Seed also took part in the investment. Subsequently, the business received $1m in a seed round led by M12, the venture capital arm of Microsoft, and Notion in May 2018.

Company
Founded in 2017 as a spinout from UCL and based in London, Hazy provides an online platform that allows businesses to share data securely by automatically anonymising data sets and ensuring they are GDPR-compliant.

People
Albion Capital – David Grimm (investment director).
Hazy – Harry Keen (co-founder, CEO).

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• Topics
• Early-stage
• UK / Ireland
• Technology
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• Albion Ventures
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• Amadeus Capital Partners Ltd