One Utility Bill secures £1.7m Series A funding led by DSW Angels
DSW Angels led the Series A round to support platform development and business expansion.
Newcastle-based company that consolidates household utilities into a single monthly payment for consumers, landlords, and letting agents.
Newcastle-based One Utility Bill has secured £1.7m in a Series A funding round led by DSW Angels. Existing backer Northstar Ventures also participated in the round, alongside support from NorthInvest.
The capital will be directed towards platform development, technical enhancement, and expanding the company's consumer and business partner propositions. The founders also intend to grow the Newcastle team.
Founded in 2014, the company manages household energy, water, broadband and media services with an annual value exceeding £10m. This transaction marks the fifth investment for DSW Angels.
From the founder
"The last few years have been incredibly exciting for us. This new investment will enable us to further build a stable and scalable platform for growth. Our customer-first approach means that people trust us and come back year after year. We now serve thousands of students, young professionals, families and others with our all in one service. Dale and I are excited about the next stage of growth which will include expanding the team based in Newcastle."
Chris Dawson
CEO at One Utility Bill
Investor perspective
"We are very excited by the opportunity to work with Chris, Dale and the team. They run a great business with the capability, and following this investment, the capital to significantly outperform competitors."
Keith Benson
founding partner, DSW Angels
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
One Utility Bill
Simplifying household utilities and billing administration for tenants and landlords.