About Nook
Nook is a company based in London (United Kingdom) founded in 2015 by Henry Arnold and Joseph Lines was acquired by Modulr Finance in November 2024. It operates as a SaaS (Software-as-a-Service). Nook has raised $1.1 million across 1 funding round from investors including Notion, Modulr Finance and Speedinvest. The company has 4 employees as of December 31, 2022. Nook offers products and services including Modulr AP. Nook operates in a competitive market with competitors including Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Dec, 2022
- Founders Henry Arnold, Joseph Lines
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Payaable Ltd
- Date of Incorporation 02 Oct, 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
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Jun 01, 2021
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Investors
Notion
& 7 more
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Employee Count
4
as on Dec 31, 2022
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Acquired by
Modulr Finance
(Nov 19, 2024)
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Products & Services of Nook
Nook offers a comprehensive portfolio of products and services, including Modulr AP. 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.
Accounts payable automation is provided for efficient workflows.
Funding Insights of Nook
Nook has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in June 2021. 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 Seed — $1.1M
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First Round
First Round
(01 Jun 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Nook | Valuation | Speedinvest , Triple Point |
| 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 Nook
Nook has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Notion, Modulr Finance and Speedinvest. 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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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location | |
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Provider of investment management services
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Founded Year | Domain | Location | |
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Ascension is recognized as a venture capital firm focused on early-stage tech investments.
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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 Nook
| 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 - Nook
| 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 |
Nook Comparisons
Competitors of Nook
Nook 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 Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, 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 |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Nook
Frequently Asked Questions about Nook
When was Nook founded?
Nook was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Nook located?
Nook is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Nook?
Joseph Lines is the current CEO of Nook. They have also founded this company.
Is Nook a funded company?
Nook is a funded company, having raised a total of $1.1M across 1 funding round to date. The company's 1st funding round was a Seed of $1.1M, raised on Jun 01, 2021.
How many employees does Nook have?
As of Dec 31, 2022, the latest employee count at Nook is 4.
What does Nook do?
Nook has been acquired by Modulr and is rebranded as Modulr AP, focusing on accounts payable automation. The platform is designed to streamline payment workflows by eliminating manual tasks and reducing errors. It offers enhanced visibility and control over financial outgoings for businesses. The solution, powered by Modulrs payment infrastructure, is set to launch in early 2025 as an end-to-end tool for invoice management and automation in the financial technology sector.
What products or services does Nook offer?
Nook offers Modulr AP.
Who are Nook's investors?
Nook has 8 investors. Key investors include Notion, Modulr Finance, Speedinvest, Triple Point, and Ascension.
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