Stotles secured £1.4 million in a funding round led by Speedinvest, with participation from 7Percent Ventures, FJLabs and several angel investors.

Stotles, a London, UK-based SAAS developer, announced the completion of a seed capital round of £1.4 million ($1.8M).

The money was raised from a range of European investors led by Austria-based VC Speedinvest and including contributions from 7Percent Ventures, FJ Labs and angel investors Matt Robinson, Carlos Gonzalez-Cadenas, Charlie Songhurst, Will Neale and Akhil Paul.

Stotles, founded in 2019 by Carsten Schaltz, Taj Kamranpour and CEO John Witt, develops sales intelligence software-as-a-service to help small and medium-sized businesses grow their business with the government. The company's SAAS is still in beta and has already paying customers including Freshworks and UiPath.