About Adsum
Adsum is a company based in London (United Kingdom) founded in 2019 by Freddie Wingfield Digby and Justina Tartilaite.. Adsum has raised $5 million across 1 funding round from investors including Episode 1 Ventures, D2 Fund and Digital Horizon. Adsum offers products and services including OpenTax, InstantVAT, and PropertyVAT. Adsum operates in a competitive market with competitors including Liberis, ThinCats, Funding Xchange, MarketFinance and YouLend, among others.
- Headquarter London, United Kingdom
- Founders Freddie Wingfield Digby, Justina Tartilaite
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Adsum Technologies Ltd
- Date of Incorporation 19 Feb, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
May 23, 2022
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Investors
Episode 1 Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Adsum
Adsum offers a comprehensive portfolio of products and services, including OpenTax, InstantVAT, and PropertyVAT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates syncing and tracking of VAT, PAYE, and Corporation Tax data.
Handles VAT refunds and compliance checks for businesses.
Manages property-related VAT obligations and notifications.
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Funding Insights of Adsum
Adsum has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $5.0M
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First Round
First Round
(23 May 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Adsum | Valuation | Episode 1 Ventures , Digital Horizon |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adsum
Adsum has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Episode 1 Ventures, D2 Fund and Digital Horizon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed & early-stage tech-focused venture capital firm
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Founded Year | Domain | Location | |
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Venture capital is provided for capital-efficient B2B software companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech, edtech, and SaaS sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adsum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adsum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adsum Comparisons
Competitors of Adsum
Adsum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Liberis, ThinCats, Funding Xchange, MarketFinance and YouLend, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded finance solutions are provided for small businesses.
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| domain | founded_year | HQ Location |
An online marketplace for business loans is operated and developed.
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| domain | founded_year | HQ Location |
Provider of an online marketplace for business loans
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| domain | founded_year | HQ Location |
Online marketplace for business loans
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| domain | founded_year | HQ Location |
Business loans are offered through an online lending platform.
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| domain | founded_year | HQ Location |
Online lending marketplace for invoice financing
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adsum
Frequently Asked Questions about Adsum
When was Adsum founded?
Adsum was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Adsum located?
Adsum is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Adsum?
Justina Tartilaite is the current CEO of Adsum. They have also founded this company.
Is Adsum a funded company?
Adsum is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on May 23, 2022.
What does Adsum do?
Adsum was established in 2019 and is headquartered in London, United Kingdom. An online platform is maintained to deliver business loans to companies seeking financing. Operations focus on streamlining loan access for small and medium-sized enterprises within the fintech sector. Services encompass loan origination and disbursement tailored to business requirements. The company is led by co-founders Freddie Wingfield Digby and Justina Tartilaite, who holds the CEO position.
Who are the top competitors of Adsum?
Adsum's top competitors include Liberis, ThinCats and Funding Xchange.
What products or services does Adsum offer?
Adsum offers OpenTax, InstantVAT, and PropertyVAT.
Who are Adsum's investors?
Adsum has 3 investors. Key investors include Episode 1 Ventures, D2 Fund, and Digital Horizon.
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