Augnet raises £1.3m in seed funding from Triple Point Ventures to scale its messaging technology
Triple Point Ventures led the seed financing to support product development and commercial expansion.
Augnet provides messaging technology designed to improve SMS delivery transparency and security for corporate clients. The platform addresses issues such as untracked and dropped messages to protect against fraud.
Augnet has secured £1.3m in a seed funding round led by Triple Point Ventures, with participation from various industry experts. The capital will be allocated towards platform development, supporting testing phases, and expanding commercial channels. The firm operates within the global A2P SMS sector, offering encrypted tracing solutions to help enterprises mitigate fraud and improve deliverability rates.
From the founder
"We are very excited to be working with Triple Point. Gaining a partnership with them at this early stage is a strong endorsement of our model."
Daniel Gill
CEO and Founder at Augnet
Investor perspective
"The average consumer knows SMS as a simple, quick way to send messages. High open rates offer companies growing possibilities to use this platform. By increasing accountability and efficiency in the delivery of SMS messages, Augnet is in a strong position to help large corporates solve the significant challenge they face in targeting consumers via SMS technology. We look forward to working with Daniel, the management team and Augnet’s other investors to help realise this potential."
Ian McLennan
Head of Venture, Triple Point
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
