Facebook's Libra ex-head joins advisory board of this UK startup after recent fundraise – UKTN (UK Technology News


Alloxentric, an omnichannel and modular communications platform, has recently secured $275K (approx £195K) as growth capital to build on their early success. The investment was led by London-based investment fund RLC Ventures.

To-date, also based out of London, Alloxentric has been operational across Latin America in countries such as Chile and Colombia, providing an omnichannel platform as a service, powered by AI, for customers across numerous industries. Basically, Alloxentric allows companies to optimise and improve communication with their customers in their local language and accent.

Facebook’s Libra ex-product head joins the board

Following the completion of this round, Alloxentric also announced that Simon Morris will be joining the advisory board. Simon previously served as Chief Strategy Officer at BitTorrent, Head of Product at Facebook’s Libra and is currently CSO at ConsenSys, the New York decentralised software giant. Simon will assist Alloxentric in improving its product along the journey to building a unique offering for its customers.

Expansion plans in Mexico

Further, with the latest raise, the company will expand operations to Mexico and continue developing its AI solutions.

“The investment round was very smooth. In just three weeks, we secured a deal with RLC Ventures, who were interested in Alloxentric due to its robust technology and large commercial potential. We are excited to partner with RLC Ventures and utilise their extensive global network to grow our business operations,” explains Max Kreimerman, CEO of Alloxentric.

RLC Ventures invests in the UK’s most ambitious and forward-thinking entrepreneurs, changing the worlds of Work, Play and Finance.

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Founding Partner Reece Chowdhry comments: “We were extremely impressed with Max and all that he and the team have achieved so far. What excites us most about the proposition is the scale of Max’s vision and ambitions for the company. We expect big things over the coming years.”

Alloxentric has grown at an effective rate, with close to 1,000,000 contacts per day. The company is on track for 300% YoY growth and is currently breakeven.

While consolidating its operation in Mexico, Alloxentric expects to lay the groundwork for further accelerated expansion in 2022, as it continues to develop cutting-edge technology solutions and improve the way companies engage with their customers.





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