Cerve Raises £3.5 Million in Seed Funding for Expansion
Deal News | Dec 10, 2024 | Goodwin
Cerve, an innovative technology platform provider focused on developing custom applications across the supply chain, has successfully raised £3.5 million in seed funding. The investment round was led by the venture capital firm SuperSeed, with participation from Zenith, Ponderosa, and The First Thirty. The funds will enable Cerve, led by CEO and Founder Dan Mazig, to accelerate its commercial expansion in the UK, Europe, and North America, as well as enhance its research and development capabilities. This includes hiring additional engineering, product, and technical support teams to strengthen its offerings. As a venture capital firm, SuperSeed is known for supporting B2B technical founders who are transforming industries. Legal advice for the deal was provided by Goodwin. Cerve's technology platform aims to drive profitability and commercial growth while reducing food waste and enhancing food security by enabling the creation of innovative applications and automations in the supply chain sector. The investor group, composed of SuperSeed, Zenith, Ponderosa, and The First Thirty, recognizes the potential of Cerve's platform to revolutionize supply chain management. This strategic funding follows a targeted approach towards fostering technological advancements in B2B environments, highlighting the growing interest and investment in the tech industry to address modern supply chain challenges.
Sectors
- Technology
- Venture Capital
- Supply Chain Management
Geography
- United Kingdom – Cerve is based in the UK, with plans to expand its commercial operations further across the UK, Europe, and North America.
- Europe – Cerve aims to expand its operations across Europe, indicating a focus on broadening its geographical footprint.
- North America – Part of Cerve's expansion strategy includes entering and strengthening its presence in the North American market.
Industry
- Technology – Cerve operates in the technology sector by providing a platform for developing custom applications and automation across the supply chain.
- Venture Capital – SuperSeed, a venture capital firm, led the investment round, emphasizing its involvement in early-stage funding for technology companies.
- Supply Chain Management – Cerve's platform targets supply chain efficiency, aiming to reduce food waste and enhance security, relevant to supply chain management.
Financials
- £3,500,000 – The seed funding amount raised by Cerve.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cerve | Target company | Company | A technology platform provider enabling custom applications and automation across the supply chain. |
| SuperSeed | Bidding Company/Investor | Company | A venture capital firm leading the seed investment round for Cerve. |
| Zenith | Investor | Company | An investor participating in Cerve's seed funding round. |
| Ponderosa | Investor | Company | An investor participating in Cerve's seed funding round. |
| The First Thirty | Investor | Company | An investor participating in Cerve's seed funding round. |
| Goodwin | Legal Advisor | Company | Provided legal advice to SuperSeed for the investment in Cerve. |
| Dan Mazig | CEO and Founder | Person | CEO and Founder of Cerve, leading its vision and expansion strategies. |
| Adam Thatcher | Deal Team Member | Person | Part of the deal team for the investment. |
| Richard Bloomfield | Deal Team Member | Person | Part of the deal team for the investment. |
| Duy Le | Deal Team Member | Person | Part of the deal team for the investment. |