Beringea invested GBP 2.4 million in Cycle Exchange. Beringea is a transatlantic venture capital firm. The cash will help Cycle Exchange spread out more in the UK. It will expand refurbishment and servicing operations. The company will also work on its technology platforms.

Kiu Kim, investment director at Beringea, said Cycle Exchange has become the leading resale platform for high-end bikes in the UK quickly. The focus on refurbishing bikes to like-new condition shows in customer reviews and partnerships with brands like Pinarello, Brompton, and British Cycling. The model has good economics, supports sustainability, and offers better value to customers.

Matt Connelley, founder and CEO of Cycle Exchange, said the team has built the expertise and systems for a quality pre-owned platform over years. This investment lets them expand operations, improve customer experience, and strengthen technology.

Cycle Exchange runs a resale platform for premium pre-owned bikes. Customers can buy, sell, or exchange road, gravel, and mountain bikes along with parts and accessories. The company works online and in-person through a facility in South West London and partner outlets across the UK.

Conveyd closed GBP 2.5 million in seed funding. The round was led by Eka Ventures. Portfolio Ventures joined in. Existing investor Founders Factory stayed on board too, along with angels Eileen Burbidge, Richard Harrison, and Mark Ransford.

The cash will go toward building out the tech more. That includes rolling out AI agents able to review remortgage and purchase cases at a trainee solicitor level and hand over clean files for a human expert to check.

Conveyd runs an AI platform for property conveyancing. It pairs purpose-built AI with specialist lawyers to manage the full process from buyer onboarding to completion. The company is based in London, UK.

Sokin just raised EUR 42.9 million in a Series B round. The deal was led by Prysm Capital. Watershed Ventures joined in. There was also continued backing from funds managed by Morgan Stanley Expansion Capital, Aurum Partners, Gary Marino, and Mark Britto.

The funds will help push global expansion and build out product features in business payments, multi-currency accounts, and cross-border treasury tools.

Over the next year, the company plans to grow its infrastructure, get more regional licenses, and add banking partners in Asia, the Middle East, and South America. It will also put money into the platform and embedded solutions, especially accounts payable and receivable.

Vroon Modgill, Sokin’s CEO and founder, said the investment from Prysm shows what they’ve built is solid and gives them room to grow fast. He added they’ve worked for years on infrastructure to make global business smoother, and this cash helps take it worldwide.

Muhammad Mian from Prysm Capital said Sokin is at a key point with strong growth. He thinks it’s set to lead in cross-border payments and already has the setup to tap a big market.

Lincoln Isetta from Morgan Stanley Expansion Capital said the team has done better than expected with great results. He believes Sokin will keep going strong and change how business payments work globally.

Sokin offers a platform for global businesses to handle international payments. Companies can send and exchange over 70 currencies and hold balances in 26 currencies using multi-currency IBAN and local accounts. It is based in London and serves customers worldwide.

Cloneable, a startup that uses AI to shadow human experts in heavy industries such as energy and replicate their specialized workflows into autonomous agents, has raised $4.6 million in seed funding. Congruent Ventures led the raise, which included participation from First In, Overline, Bull City Venture Partners, and St. Elmo Venture Capital.

The idea for Cloneable traces back to a bottleneck its founders encountered years earlier while working in the field. The startup's founders realized that heavy industries face a “knowledge crisis” as experienced workers retire faster than they can be replaced.

Cloneable aims to capture and preserve that kind of institutional knowledge. The funding will also support expansion into infrastructure-heavy industries such as public utilities, vegetation management, construction, rail, mining, agriculture, and manufacturing.

The company claims that a process that typically takes a human engineer eight hours can be completed by a Cloneable agent in under two minutes.

INVIA has raised $1.2 million in funding, according to the company’s latest update. The investor backing the round was not disclosed.

Details about the company’s core operations were not outlined in the announcement, though the funding suggests early-stage activity.

The round comes at a time when smaller funding deals continue across emerging startups, particularly at the pre-seed and seed stages.

Further specifics on INVIA’s product, market focus, and use of funds were not shared.

In a move to revolutionize industrial maintenance, Edmund, a Czech startup, has landed €2.5 million in funding. This investment, led by FORWARD.one and backed by University2Ventures and T, underscores the potential of AI in transforming the factory floor.

The funding will likely be used to further develop Edmund's AI-powered debugging platform, designed to streamline troubleshooting processes in industrial settings. By leveraging AI, Edmund's platform could significantly reduce downtime and increase overall efficiency.

Edmund's approach to industrial maintenance highlights a growing trend towards adopting AI-driven solutions in manufacturing. As factories become increasingly complex, the need for intelligent troubleshooting tools has never been more pressing.

FORWARD.one's involvement in the funding round suggests a strong belief in Edmund's technology and its potential impact on the industry. With the participation of University2Ventures and T, Edmund is well-positioned to capitalize on its innovative approach.

The application of AI in industrial maintenance is still a relatively new field, but one that holds immense promise. Edmund's success in securing funding is a testament to the viability of its solution and the interest it has generated among investors.

As Edmund moves forward with its plans, the focus will be on how effectively it can implement its AI-driven troubleshooting platform across various industrial settings. The potential for growth and the impact on the manufacturing sector are significant, making Edmund a startup to watch in the coming years.

With its innovative approach and newfound funding, Edmund is poised to make a meaningful difference in the world of industrial maintenance. The use of AI to enhance troubleshooting capabilities is a step towards a more efficient and productive factory floor, and Edmund is at the forefront of this change.

InfiniteWatch raised EUR 3.4 million in a pre-seed round. The deal was led by Base10 Partners. Sequoia, a16z scouts, Kfund, Kibo, and LifeX also invested. InfiniteWatch is a startup based in Madrid. It was founded in 2025. The company operates in Spain.