11 Finance Monthly. The Monthly Round-Up UK-based Deployed today announced it has raised $4M in a seed funding round co-led by Amrock Ventures and M12 Microsoft Ventures, with participation from Portfolio Ventures, Mayfield Fund, HERmesa, and Angel Academe. Launched in 2020 by Emma Rees (CEO), Kayleigh Kuptz (COO) and Jamie Gannaway (CPO) with two government grants, Deployed is the only scoping platform that makes it simple to write, edit, and publish Statements of Work. While trillions of dollars are spent on contractually scoped projects every year, 65% of projects fail to meet original objectives and 1 in 10 end in legal or payment disputes. Deployed’s goal is to make projects clearer and more successful by reinventing the copy pasted patchwork of email, Word and Excel processes involved in writing, agreeing, and signing contracted work. Deployed offers a single platform where requestors of services, procurement, legal and compliance teams can navigate and collaborate on the request to signature workflow via an easy-to-use editor interface. This means that C-suite leaders, who have watched their project portfolio costs inflate by 20% since Covid, yet consistently miss the time, budget or quality metrics promised at the start of projects, can now understand the benefits their projects deliver, and 10x their success by solving poor project definition up front. In 2020, the company won the global Melinda Gates Female Founders award for enterprise technology. Deployed will use its latest round of funding to further feature development, apply assisted writing and generative AI, and expand new and existing enterprise clients and boost hires. The company currently works with large enterprise clients including Randstad Sourceright, Talent Solutions TAPFIN and Roche. DEPLOYED RAISES $4M TO REDEFINE HOW STATEMENTS OF WORK ARE CREATED AND PROJECTS ARE PLANNED Female founded Enterprise Tech startup raises funding to rewrite the language of work New figures released by HRMC today show a 39% year-on-year increase in EIS funding in 2021/22, with total investment through the scheme reaching £2.3 billion – the highest since the scheme began. The scheme, which brings together private investors with companies that need funds to scale up operations, supported 4,480 companies in the year, a 19% increase on 2020/21. Money invested through the Seed Enterprise Investment Scheme (SEIS), which invests in earlier stage start-ups, rose 16%, increasing to a record £205 million, spread across 2,270 companies (another record). Of these, 80% were raising money for the first time and companies registered in London and the Southeast accounted for 67% of all the SEIS investment. Since the Enterprise Investment Scheme launched in 1994, 36,145 individual companies have received investment and around £27.9 billion of funds have been raised in total. Whereas, 17,335 companies have raised £1.7 billion under SEIS since its launch in 2012/13. The number of investors claiming EIS relief rose 15.7% to 45,155, while 9,950 investors claimed SEIS relief, up 4.8%. Across both EIS and SEIS, over half of investors invested less than £10,000. NEW HMRC FIGURES SHOW EIS INVESTMENT GREW 39% IN 2021/22 while SEIS also hits all-time high, with 16% growth
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