DataWollet raises £1.3m in pre-seed funding from 1818 Ventures and other backers.
The oversubscribed round was backed by 1818 Ventures and a syndicate led by Sarah Williams-Gardener.
DataWollet is a financial technology company providing an open finance platform that consolidates consumer financial data into a single gateway. The business addresses fragmented information and manual workflows across the sector.
Fintech business DataWollet has secured £1.3m in a pre-seed funding round. The investment was backed by participants including 1818 Ventures and the Angel Academe/Syndicate Room EIS Fund, alongside a syndicate coordinated by Sarah Williams-Gardener.
Funds raised will be allocated towards commercial growth, partnership development, and technological enhancement.
From the founder
"Closing an oversubscribed investment round in the current economic environment is a powerful endorsement of the breadth of applications for our first-in-world AI and our traction."
Jen Lothian
at DataWollet
Investor perspective
"DataWollet is addressing a huge challenge within financial services. The combination of neurosymbolic (systems that learn from data while reasoning transparently) AI, real-world application, and a strong execution capability makes it a highly compelling proposition."
Sarah Williams-Gardener
lead angel investor, Development Bank of Wales Angel Co-investment Fund
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
- 03Expand into international markets
Investors
1818 Ventures
Angel Academe/Syndicate Room EIS Fund
Sarah Williams-Gardener
Development Bank of Wales Angel Co-investment Fund
Categories
About the company
DataWollet
DataWollet operates an open finance platform for consumer financial data access.