9 December 2019 - Young British SaaS company Cyclr (www.cyclr.com) is pleased to announce £0.5million 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.”
Cyclr has been developing its product since 2013, when it was one of the very first to market with an embedded iPaaS solution, which now benefits from years of development effort and testing. Cyclr’s solution is comprehensive, scalable and rich in function. It starts from the premise of ‘simplicity first’.
The Cyclr solution enables other software companies (also digital agencies and technically-literate enterprises) to quickly create, manage and deploy integrations for use by their own end-users and clients. This is called ‘embedding’. Cyclr is built from the ground up for embedding and is designed to be simple and intuitive to use and deploy, meaning that integrations can be designed and delivered by commercial teams as well as development teams.
Today Cyclr is a growing company and has enabled the creation of hundreds of apps, saving its customers thousands of hours of wasted human capital. The Cyclr connectivity library continues to grow and the company develops new integration possibilities for customers every day.
Cyclr is based between Eastbourne, Brighton, and East Croydon, London, and has customers in Europe, North America and Asia Pacific.
About Juno Capital
Juno Capital is an innovative specialist alternative asset manager to a network of wealthy individuals and family offices. Established in 2011, Juno targets asset classes overlooked by mainstream asset managers and private banks, including venture capital, asset backed fixed income and niche property.