The risk management software developer secured $17.9m in a GV-led round that included LocalGlobe and Entrepreneur First.

GV, a corporate venturing subsidiary of internet and technology group Alphabet, has led a £13m ($17.9m) funding round for UK-based business planning software developer nPlan, Sky News reported yesterday.

The round also featured LocalGlobe, Entrepreneur First and Ian Davis, the chairman of aerospace and defence manufacturer Rolls-Royce Holdings. The company had previously secured $3.4m in seed financing from undisclosed investors in 2018, according to Sky News.

Founded in 2017, nPlan provides software that applies artificial intelligence to historical data in…