Caura secures £3m in seed funding led by TwinFocus Capital Partners to expand product offerings
The seed round was led by TwinFocus Capital Partners with backing from several institutional funds and prominent angel investors.
Caura develops an all-in-one mobile application designed to simplify vehicle administration and payments for motorists in the UK. The platform consolidates charges including tax, MOT, and tolls into a single digital interface.
Caura has secured £3m in seed funding to expand its product range and grow its team. The investment round was led by TwinFocus Capital Partners, with participation from InMotion Ventures, Road Ventures, Pareto Holdings, and Quiet Capital, alongside several prominent angel investors.
The capital will support the company as it rolls out new software iterations, including native in-car infotainment integrations and versions for Android and web browsers. Founded in 2019, the platform aims to reduce the friction of vehicle ownership by centralising payments for tolls, congestion charges, MOT, and insurance into a single application.
From the founder
"Our goal was to create a single app from which Britain’s 30 million drivers could manage every aspect of their vehicle’s management and maintenance, from MOT to tax to parking. Drivers today have dozens of single-use apps to manage this functionality, and since launch in 2020, we have demonstrated Caura’s value and benefits for tens of thousands of UK drivers. This funding will enable us to realise our vision and expand to all drivers with native in-car systems, starting with Jaguar Land Rover, and for Android and web users as well."
Sai Lakshmi
CEO & Founder at Caura
Investor perspective
"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."
Sebastian Peck
Managing Director, InMotion Ventures
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Hari Hundle
TwinFocus Capital Partners
Sebastian Peck
InMotion Ventures
Road Ventures
Pareto Holdings
Quiet Capital