The company has closed a seed round involving backers such as Andrew Jennings to fund application improvements and team growth.
"I invested in Frost for two key reasons: the product, and the founders. From a product perspective, Frost helps customers to save time and money, allowing them to seamlessly switch household utility providers within the app. As founders, Pawel and Edyta have a proven track record and have personally funded Frost in its entirety from concept until launch – something which is highly unusual in fintech."
The routing and navigation specialists exceeded their initial target by closing a campaign backed by existing shareholders, angels and the public.
"We are delighted with the support shown for our recent Seedrs campaign; closing the campaign with 126% of our target is excellent and highlights the public’s desire for smarter and safer routing technology"
Fleetcor and Good Energy backed the round to support international expansion and product development.
"This fundraising round allows us to accelerate Zap-Map’s core mission – making it simple for current and future electric vehicle drivers to plan journeys, search and pay for electric vehicle charging. Good Energy has proven a powerful partner to date and we are delighted to have a new strategic collaboration with Fleetcor which will supercharge our ambition to accelerate the provision of services to the fleet market and allow us to look ahead and expand internationally."
The Manchester-based startup has closed a pre-seed round from angel investors, musicians, and footballers to complete app development ahead of its Q4 release.
"The app is currently open for pre-registration, and the official launch is planned for September this year."
