Seed investment and match funding · Mobility
Alchera raises £2.7 million seed package for transport AI
Investment and Innovate UK match funding support faster product development and deployments.
Alchera Technologies announced £2.7 million in seed funding on October 13. The package combines £2 million of investment with £700,000 of match funding from Innovate UK’s Investor Partnerships programme.
Maven Capital Partners led the investment through the South West Investment Fund, alongside Bayes Entrepreneurship Fund, The FSE Group and Cambridge Applied Research.
Capital will support product development and customer onboarding. Alchera combines scattered transport data to help highways operators and local authorities forecast traffic and plan work on their networks.
Use of funds
Accelerate transport data platform development
Expand customer deployments
Funding history
Seed investment and match funding · This round£2.7M