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Lightyear Raises $3.7M to Dramatically Simplify How Enterprises Buy Network Infrastructure

Oct 27, 2020•over 4 years ago

Amount Raised

$3 Million

Round Type

seed

London

Description

Lightyear today announces the launch of its software platform for businesses to buy and manage their telecom and IT infrastructure online. The company has raised $3.7M to date and their recent seed round was led by Amplo with participation from Susa Ventures, Ludlow Ventures, Mark Cuban, David Adelman, and Operator Partners (founders of Flatiron Health).

Company Information

Company

Lightyear

Location

London, Ontario, Canada

About

Martin Sokk and Mihkel Aamer, early Wise (previously TransferWise) employees, founded Lightyear in 2020 after realising they shared a strong common opinion — investing in Europe is broken. Lightyear is on a mission to flip this pricing model by giving customers the tools to add, hold and invest money in multiple currencies, removing the need for conversions. With unlimited access to more than 1,000 global stocks, Lightyear’s first iteration of the app (its minimum viable product or ‘MVP’) will start onboarding 5000 customers from the waitlist, starting today.Lightyear has offices in London, UK, and Tallinn, Estonia. Martin Sokk, Co-founder and CEO at Lightyear, adds: “10 months ago Lightyear was just an idea, so we’re excited to have raised a total of $10 million, hired a world-class team, and to be launching the first iteration of our app.