City Funds, South East Angels, and Bristol Private Equity Club backed the seed follow-on round to scale educational and employability services.
"Providing vulnerable people with access to tools and resources that help them develop important life skills is vital to allowing them to live fuller, more independent lives. This is what drives everything we do at AutonoMe and this capital injection, provided by investors who understand what we want to achieve and help us get there, will allow us to expand our support to even more vulnerable people across different services, helping them to live more freely, gain employment and develop and grow as people."
The Newcastle-based utility platform has raised a follow-on investment led by DSW Ventures and Northstar Ventures to scale operations and enhance technology.
"We’re delighted to raise this follow-on round from our investors, our second investment in a challenging but very rewarding 12-month period. This is a huge vote of confidence in our business and reflects the incredible progress that the One Utility Bill team has achieved over the last 12 months. We’ll be using the funds to further accelerate our customer growth and invest in our technology."
West Hill Capital led the pre-Series A round, which will fund product development and US expansion.
"For too long, so many SMEs — representing 80% of the hospitality industry — have been excluded from the benefits of modern sales technology due to the unit economics and requisite technical expertise. We strongly believe there’s another way and our product offering and commercial model proves that. In a market worth $47bn, we’re providing an advanced sales platform and card processing solution at a cost below the most popular payment-only services."