London-based SaaS startup Cogna has raised €14 million in a Series A round led by Notion Capital, with additional support from Hoxton Ventures and Chalfen Ventures.
This funding will enable Cogna to expand its AI-powered software platform, which offers precision solutions for complex business inefficiencies across various sectors.
Advertisement
Empowering Traditional Industries with AI
Since its inception 18 months ago, Cogna has grown to a team of 40, serving clients like Cadent Gas and Network Plus. By automating IT consultancy, the startup’s platform identifies and resolves productivity bottlenecks, enabling non-technical teams to build custom software solutions without coding. This approach allows traditional industries, such as utilities, manufacturing, and public services, to enhance productivity in operations, procurement, and asset management.
Co-founder and CEO Ben Peters noted, “Our mission is to equip industries that have been underserved by digital solutions with tailored, precise software to drive efficiency gains. This investment will help us broaden our reach, empowering organizations to eliminate bottlenecks and unleash the potential of their teams.”
Strategic Support for Rapid Growth
Notion Capital, a major player in European SaaS and cloud investing, has shown strong support for Cogna’s mission to reimagine digital solutions for industries historically left behind. Jos White, General Partner at Notion Capital, emphasized the unique impact: “Cogna delivers custom solutions that meet clients’ exact needs, addressing their biggest challenges quickly and affordably. We’re excited to back the team as they continue to redefine productivity solutions.”
With this funding, the company is set to broaden its AI platform’s reach, helping more organizations streamline operations and adapt to an increasingly digital landscape.
