The round was led by Energy Impact Partners with participation from Future Energy Ventures, Cyan Finance, and angel investors.
"Electric vehicles are at an inflection point in most developed markets. The rise of electric vehicles is a significant opportunity for energy utilities, through new and innovative services, that support their customers to go electric. We are very proud to back the team around Nick and Chris as they have already proven that they can scale internationally by appealing to drivers, utilities and car manufactures at the same time."
The investment from the Midlands Engine Investment Fund will support the company as it expands its team and rolls out its road safety application.
"For too long, the insurance industry has had limited visibility of driver knowledge and skills data upon which to base underwriting and pricing decisions. We’re changing that with RoadHow. Through RoadHow, we will be able to provide insurance companies with real data that will create a much stronger relationship for both the insurance company and the driver. We want to reward good behaviour through data."
The seed round was led by TwinFocus Capital Partners with backing from several institutional funds and prominent angel investors.
"In-car infotainment systems are currently primarily used for entertainment, communication, and navigation in our Jaguar and Land Rover vehicles. We are really excited about the prospect of seamlessly integrating the Caura platform offering in-car payment for parking, tolls, tax, and congestion, which would be a huge benefit to our customers. We are thrilled to back the Caura team’s vision of delivering a digital ownership experience that is setting a new benchmark for the industry."
The funding round was backed by WatchMojo founder Ashkan Karbasfrooshan alongside family offices and private equity executives.
"Thrillz is operating in a market that is exploding and the traction the team has achieved in a short period of time is incredible. When I started WatchMojo fifteen years ago, entrepreneurs were a rare breed; today so many young professionals want to pursue this path… and Anjan stood out as a remarkably bright, driven and capable young individual so I felt compelled to be a part of the journey and share lessons in our successes and failures to help Thrillz become an influential global brand."
SFC Capital led the pre-seed round alongside tech founders and angels to help grow the team and refine the product.
"In the aftermath of Covid, many amongst us are choosing the self-employed route, which is making the UK economy more vibrant and innovative. Current invoicing tools are not designed for these micro businesses, plus existing payment products take a significant chunk of their invoice value. We are here to change this thanks to Open Banking and our innovative self-service platform"
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