Foundational Raises $10.9M Pre-Seed Round

Zeal

Merchant churn. Net new MIDs. Differentiation. Three things we hear in almost every conversation with PSPs, acquirers, and ISOs. If they resonate, you're in the right place. Zeal turns payment terminals into a platform. We don't process payments. We connect loyalty, analytics, merchant engagement, and third-party services to your existing fleet through a single SDK. No new hardware. No integration headaches. Day-one value for every merchant on your books. Less churn. Merchants stay when the terminal delivers value beyond payments. More MIDs. A differentiated offering means more merchants choose you. New revenue. Third parties integrate with Zeal to reach your fleet, turning terminals from infrastructure into a distribution channel. For retailers: the customer intelligence that powers e-commerce, at your physical point of sale. Underneath it all, we're building the data infrastructure for offline payment transactions. Every tap, every basket, every visit, structured and actionable for the first time. Partner-obsessed. Built in London. Backed by Raed Ventures, Pinnacle Capital, and Cur8 Capital.

Omnio (part of IBM)

Omnio is a Copenhagen-based software company with extensive experience in industrial IoT. We consider ourselves industry leaders in connecting operational technology (OT) to IT systems and unifying the data for use in a wide range of IoT and Industry 4.0 initiatives - such as advanced analytics and monitoring. In order to make this task easy for our customers, we have developed a vast library of software connectors for various industrial devices such as frequency converters, circuit breakers, meters, etc. Our software solutions use this library to collect raw device data and deliver it unified and ready to use. This means our customers don’t need to read device manuals, do bespoke programming or data normalization for each device. By using Omnio, our customers can divert their focus from manual and time-consuming device integration to delivering business value through their IoT application. Omnio is primarily being used by IoT applications within key industry verticals such as Manufacturing, Power & Water Utilities, Maritime, Oil & Gas and Commercial Buildings. In 2022 the flagship product Omnio Edge, was acquired by IBM Sustainability Software. It's capabilities where fully embedded in the Maximo Monitor, part of the IBM Maximo Application Suite, in 2023.