I’m happy to announce Sundog’s second round of funding. We’ve raised £150K, which guarantees us another year of working together on this product.
Last year, we brought our £100K round together in six months. This round came together in six weeks. Since September we’ve built a product, onboarded two paying customers, and established a sales pipeline. We’ve got a plan for the coming year that our investors found both credible and exciting.
Many of our existing investors have returned in this round, motivated by the commercial and technical progress we made over the winter. We’ve also grown the investor base. We’ve added more life science insiders - people who have made their careers in the market we serve, who want to be a part of our story - as well as leaders and experts from the technology sector.
In the time it took to close our round, we’ve reiterated the message of our commercial success. We’ve secured another paid pilot with a British lab later in the summer, and seen the BIIG lab - previously on a pilot - commit to an annual licence.
I’m proud of the group of investors we’ve brought together; they are, to a person, stellar, and we’re profoundly grateful for their support. And I’m stoked for the coming year; for working with Tom, Richard, and our growing cohort of customers to make an amazing product.