UK SaaS startup Cyclr bags £2M to expand its embedded integration platform
Based out of Eastbourne, Cyclr is an embedded integration platform (embedded IPaaS) for SaaS applications.
Recently, the UK-based company has secured £2 million in funding led by Blackfinch Ventures and supported by existing investors Juno Capital.
This new investment will enable the company to accelerate recruitment even further as it continues to develop its client base and innovate in the area of Embedded iPaaS.
What is Embedded iPaaS?
Embedded iPaaS is the provision of a software application, predominantly to other software companies, to enable the management and delivery of white-labeled, embedded integrations to clients at scale.
Built from ground up
The Cyclr solution enables other software companies to quickly create, manage and deploy integrations for use by their own end-users and clients, known as ‘embedding’.
The platform is built from the ground up for embedding and is designed to be simple and intuitive to use and deploy.
The Cyclr connectivity library continues to grow and the company develops new integration possibilities for customers every day. Cyclr has customers across the world including markets such as the United States, Canada, Europe, Israel and Australia. Customers range in size from early-stage businesses through to large multinational enterprises.
“I am delighted to welcome Blackfinch as shareholders in Cyclr,” said Fraser Davidson, CEO. “The Blackfinch team have quickly grasped the importance of SaaS interoperability and share our excitement at accelerating the development of the company as our market continues to grow in front of us. We have carefully built the company to its current size and now feels like the right time to double down. With a combination of Blackfinch and Juno as investors, underpinned by our ever-supportive Angel investors, we have the firepower to lift Cyclr to even greater heights during 2021.
“I am proud of what my team has achieved in a challenging year. The investment by Blackfinch is testament to their hard work and application.”
“Cyclr efficiently allows SaaS platforms to connect to third-party software, eliminating the cost and time to develop this functionality from scratch,” added said Reuben Willcock, Head of Ventures at Blackfinch. “The company has grown at an impressive rate, even during the pandemic, and we are excited to be supporting them on their journey through this investment.”