The pre-seed investment was led by DMG Ventures with participation from Stride Capital, Octopus Ventures and Entree Capital to fund team expansion and operational growth.
"I’m delighted to announce this investment in my latest venture, Cazoo, and am very excited by the opportunity to transform the used car buying experience, which suffers from poor satisfaction and convenience and is failing to meet the needs of consumers. Buying a car should be no different to buying any other product online today."
The University of Reading spinout secured pre-seed backing from Henley Business Angels to expand its sportswear range and smart wearables research.
"We are delighted to have several HBA members participate as new investors in KYMIRA. The company is showing solid growth in performance enhancing sportswear and building an application in wearables that will help identify and monitor chronic health disorders."
London Business Angels and the London Co-Investment Fund backed the pre-series A round to support international expansion.
"2016 was a great year for Advizzo with strong traction from the utilities market and great interest from investors. Such pre-series A is a great achievement for Advizzo with a fruitful collaboration with London Business Angels and the LCIF which did a follow-up investment alongside experienced private investors who know the utilities industry trends very well. We will continue to expand in 2017 locally and internationally with additional software modules."
The funding will support technology upgrades and the opening of new regional offices across the United Kingdom.
"Over the last 5 years we have proved our business model in Scotland, and over the last year, have proved it in England and Wales. Over the next 5 years we plan to grow our market share rapidly across the UK. This investment allows us to invest in IT systems and business processes, open 2 new regional offices, and open a Shared Services Centre in Belfast.."
