Young British SaaS company Cyclr (www.cyclr.com) is pleased to announce £0.5 million of new investment, led by Juno Capital (www.junocapital.co.uk). The investment round also includes capital from SyndicateRoom (www.syndicateroom.com) and existing shareholders.
Based in Eastbourne and East Croydon, Cyclr launched to market in December 2017 and has experienced strong growth year-on-year.
Cyclr is a leading embedded integration Platform as a Service (embedded iPaaS) developer. It provides a software platform that is used by other software companies to deliver integrations internally and then to their own end-users. Cyclr is a new breed of SaaS company for SaaS companies.
Fraser Davidson, CEO of Cyclr, said, “I am delighted to welcome Juno Capital and Syndicate Room as investors in Cyclr. We have carefully built Cyclr with limited investment, ensuring that our product performed as we grew and that we understood our market before beginning to scale our investor base. We believe we are now poised to develop the business even further and are excited to have new partners on board for the next phase.”
Edward Rudd, Partner at Juno Capital, who has joined the Cyclr board, said, “From our first meeting, it was clear that Cyclr had enormous potential. Our portfolio companies have had direct experience of the motivations for, and challenges of, having strong integrations in-built into their own software. The benefits of Cyclr’s software are clear. Fraser and the team have developed the business to a very interesting stage, and we look forward to participating in the exciting journey ahead.”