Sarah King & Claire Dunn / Obu/Karina Lyburn
Angel investment platform Obu closes double funding round
The platform facilitated nearly £300,000 in seed funding for ProperPlan and MoodyMonth
Online angel investing platform Obu has seen its first two female-founded businesses close raises on its platform.
The platform was co-founded by Sarah King and Claire Dunn earlier this year to increase the number of female investors and connect more female-founded businesses to capital.
Six months later, it has successfully facilitated fundraising for AI-powered personalised project planning app ProperPlan and femtech women’s wellness app MoodyMonth.
“To support not one but two incredible female founders on their fundraising journey is a great privilege. It’s so rewarding to see these truly disruptive businesses secure investment from angels,” King said.
“The closing of these rounds and knowing it’ll support the next stage of growth for these businesses demonstrates the genuine ability of angel investors to shape the types of problems that get solved in the world — proving that more diverse angels really does mean more diverse innovation.”
The funding round closed at more than £290,000 of pre-seed investment for both tech startups.
MoodyMonth raised £105,000 while ProperPlan raised £193,000 through Obu, closing a total of £300,000 within three weeks.
“Obu inspired my own investment journey from the very beginning. It’s true that you can’t be what you can’t see,” ProperPlan founder and CEO Laura Phillips said.
“Obu is setting out to create a more equal and diverse world – not only for the entrepreneurs who get funded but for the angels who fund us.”
The platform aims to increase the proportion of angel investors in the UK from the current 14 per cent to 30 per cent by 2030 by connecting eligible female-founded businesses to angel investors — both women and allies.
It says it champions “purpose-led startups” that share in its mission to use business as a force for good.