# Subtap

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/subtap

- Industry: Internet
- Headquarters: London, UK
- Website: www.earwigwork.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Feb 4, 2021)
- Investors on record: 2

## About

Based in the UK, Subtap Limited operates as a provider of digital collaboration tools, enhancing workplace efficiency and communication for teams across various industries through innovative solutions.Subtap Limited, founded in 2017 in London, UK, specializes in digital collaboration tools. The company was led by founder Harrison Moore, who has previously founded other ventures. The firm has engaged in 2 deals, with its most recent funding round being a Seed round on February 4, 2021, which raised GBP 0.400 mn led by Venrex Investment Management and included participation from Bethnal Green Ventures. This round valued the company at GBP 1.769 mn post-money.Earwig Work specializes in innovative solutions designed to enhance workplace efficiency and communication. Their offerings include advanced project management tools and collaboration platforms, addressing challenges such as task allocation, deadline tracking, and real-time communication. Serving a diverse client base from small startups to large enterprises, Earwig Work focuses particularly on markets in North America and Europe.Subtap Limited generates revenue primarily through subscription-based models, allowing clients to choose from various pricing tiers tailored to their needs. Larger enterprises may select premium plans that include advanced analytics, while smaller businesses can opt for essential functionalities in basic tiers. This structure encourages long-term partnerships as clients are likely to renew subscriptions annually, driven by the productivity enhancements offered by their flagship products.In February 2021, Subtap Limited raised GBP 1.76 mn in Seed funding to support future initiatives. The company plans to expand its product offerings and target new markets, particularly focusing on increasing its presence in Europe and North America. The recent funding will be utilized to develop upcoming products and enhance existing services to meet growing demand.

## Funding rounds

- Seed, Feb 4, 2021, $0.6M — Venrex, Bethnal Green Ventures
- Seed, Aug 25, 2019, $0.1M — Bethnal Green Ventures

## Investors

- Bethnal Green Ventures (https://capitalatlas.ai/funds/bethnal-green-ventures) — Seed
- Venrex (https://capitalatlas.ai/funds/venrex) — Seed