Worldover, a London, UK-based cosmetic compliance platform designed to modernize compliance workflows, raised £3 million in seed funding.
SaaS Investors
The seed round was led by Index Ventures and Chalfen Ventures, with participation from Entrepreneur First and Plug and Play Ventures.
Founded in 1996, Index Ventures is a venture capital firm based in San Francisco and London. The firm seeks to invest in companies operating in artificial intelligence, machine learning, business applications, data, entertainment, fintech, the future of work, healthcare, media, mobility, open source, retail, security, and talent sectors.
Founded in 2019, Chalfen Ventures is a venture capital firm based in London, United Kingdom. The firm seeks to invest in early-stage companies operating in the technology and software sectors.
Worldover Use of Funds
The funding will support its automation system for launching physical products across global markets.
About Worldover
Founded by Edward Alun-Jones and Chris Gudde, Worldover is building an all-in-one compliance automation platform for cosmetics brands, manufacturers, suppliers, and distributors. The platform also serves as a collaborative management system for compliance projects, with real-time data and documentation updates across the supply and value chain, ensuring ongoing compliance.
Worldover initially focuses on cosmetics but plans to expand into other compliance-heavy industries in the future.
Funding Details
Company: Worldover
Raised: £3.0M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Index Ventures and Chalfen Ventures
Additional Investors: First and Plug and Play Ventures
Company Website: https://www.worldover.io/
Software Category: Cosmetic Compliance Platform
Source: https://tech.eu/2023/09/05/worldovers-raises-3-million/