Bendi Raises $1.04 Million in Funding
Bendi, a London, UK-based predictive data intelligence platform, has raised $1.04 million in pre-seed funding.
The round was led by Midven with additional participation from Heartfelt Capital, Chasing Rainbows, and Innovate UK.
Midven is a Birmingham, UK-based venture capital firm founded in 1990. Midven focuses on supporting Midlands-based entrepreneurs, helping them scale their businesses nationally and internationally. The firm primarily invests in early-stage and growth-stage companies across various sectors.
Bendi Use of Funds
The company plans to use the funding to enhance its platform capabilities, expand its team, and increase its market reach.
Founded in 2020, Bendi provides an AI-driven platform designed to help businesses manage Environmental, Social, and Governance (ESG) risks within complex global supply chains. Bendi’s flagship platform, Prism, automates the mapping and assessment of ESG risks by analyzing data from multiple sources in over 35 languages. This allows companies to detect human rights violations, environmental hazards, and governance concerns more efficiently than traditional methods.
Funding Details
Company: Bendi Software, Ltd.
Raised: $1.04 million
Round: Pre-Seed
Funding Date: October 2024
Lead Investor: Midven
Additional Investors: Heartfelt Capital, Chasing Rainbows, Innovate UK
Company Website: https://bendi.ai/
Software Category: Data-led Risk Identification