Nauta Capital leads £1.5m round for BlackCurve

Existing seed investor Mercia Fund Managers, a UK-based technology investment firm, also took part in the round.

BlackCurve plans to use the fresh capital to accelerate its commercial development, double its team and strengthen its product offering.

The VC house deployed capital from its €155m Nauta IV Tech Invest fund. The vehicle targets European software companies and deploys equity tickets between €1-7m. Nauta plans to invest in approximately 25 companies from this fund and has so far backed 19 businesses.

Carles Ferrer, Nauta's London-based partner, will join BlackCurve's board to support the company's growth plans.

Previous funding
Mercia Fund Management injected £500,000 in seed funding into BlackCurve in February 2018.

Company
Founded in 2016 and based in London, BlackCurve is a pricing optimisation platform powered by AI that helps retailers manage the price of every item they sell and create smart pricing rules for their specific business.

The company serves mid to large multi-channel retailers across a wide range of industries, such as sporting equipment, DIY, garden products, kitchen and home goods, consumer electronics, pet supplies, stationery, automotive parts, toys, games, beauty and healthcare. Currently, its platform optimises the prices of approximately 1 million products and executes 15 million price changes per month. 

People
Nauta Capital – Carles Ferrer (partner).
BlackCurve – Philip Huthwaite (founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Nauta Capital
• Venture
• United Kingdom