Thought Machine has added $42m to its series B round, bringing its total to $125m and welcoming SEB as a new investor.
UK-based cloud banking software provider Thought Machine increased its series B round to $125m today after adding $42m in an extension backed by financial services group SEB.
Eurazeo Growth led the extension, which also featured British Patient Capital. The tranche is expected to close in early August.
Thought Machine received an initial $83m in series B funding in March 2020 from banking group Lloyds, Backed, Playfair Capital, IQ Capital and lead investor Draper Esprit.
Founded in 2014, Thought Machine…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
