Fundz

London’s Alt21 Lands $21M To Democratise Currency Hedging With X Hedge Platform

PRIVATEOct 12, 2023

Amount Raised

$21 Million

Round Type

Funding Round

LondonArtificial IntelligenceMachine LearningNatural Language Processing

Investors

Caps ResetEscape

Description

Despite the tough environment for funding, London-headquartered ALT21, which is focused on making hedging (strategy to protect from potential financial losses) solutions easy and accessible, has raised $21 million in pre-Series A funding. While the investor details remain undisclosed, this is one of the largest pre-series A funding rounds in Europe so far in 2023. 

Quick answer

ALT21 raised $21 Million in a Funding Round round, dated October 12, 2023. Investors: Caps Reset and Escape. ALT21 is based in London, England, United Kingdom.

How much did ALT21 raise?
ALT21 raised $21 Million in a Funding Round round on October 12, 2023.
Who invested in ALT21?
Caps Reset and Escape are named as investors in this round.
What does ALT21 do?
At ALT21, we’re on a mission to make currency hedging accessible to everyone.
Where is ALT21 based and how big is it?
ALT21 is based in London, England, United Kingdom.
Who are the decision-makers at ALT21?
Fundz holds 1 contact at ALT21. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Language Processing and Artificial Intelligence around the same time

Companies in the same sectors as ALT21 that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Siena AI raised $4.7M (Seed) on November 17, 2023.
  • Siena AI raised $4.7M (Seed) on November 16, 2023.
  • Evolv AI raised $13M (Funding Round) on November 9, 2023.
  • Cranium Al raised $25M (Series A) on October 26, 2023.
  • LegalMation raised $15M (Funding Round) on October 25, 2023.

Who to call at ALT21, and when

A new round usually means ALT21 is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day ALT21 raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at ALT21, from your own LinkedIn network

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Company Information

Company

ALT21

Location

London, England, United Kingdom

About

At ALT21, we’re on a mission to make currency hedging accessible to everyone. Currency hedging can protect businesses and investors, regardless of their size, from exchange rate shocks that can threaten their viability. Yet, 80% of SMEs have never used currency hedging services. Individuals use them even less. That’s why we want to transform currency hedging, from something elitist and exotic to something as normal, accessible and mundane as home or car insurance.

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Fundz sees it the moment ALT21 raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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ALT21 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.