Pepper secures £1.1m from London Business Angels syndicate and London Co-Investment Fund to expand team
London Business Angels and the London Co-Investment Fund backed the mobile payments platform to support sales and technical growth.
Pepper provides a mobile payments and digital loyalty platform that allows retailers and hospitality businesses to offer branded apps to customers.
Pepper, a London-based mobile payments and digital loyalty platform, has closed a £1.1m funding round featuring backing from London Business Angels, the LBA EIS Roundtable Syndicate Fund 2015, and the London Co-Investment Fund. The capital will be deployed to expand the company technical and sales teams as it scales operations.
The platform enables hospitality and retail merchants to deploy branded mobile applications that support discovery, payments, and loyalty programmes. The fresh funding follows commercial traction across the UK and the US.
Harbottle and Lewis acted as legal adviser for the transaction.
From the founder
"Working with LBA and LCIF has provided us with the investment we need for growth and brings with it well connected investors with a strategic interest. We have already seen the power of our current momentum, signing up four new customers in the UK and US."
Charles Hall
CEO at Pepper
Investor perspective
"Pepper is a fine example of London technology talent enabling fast, efficient and elegant digital enablement of retail businesses. We are delighted to support Pepper in rolling out its platform to retailers around the world."
Puneet Bhatia
Fund Manager, London Co-Investment Fund
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
Investors
Anthony Clarke
London Business Angels
Puneet Bhatia
London Co-Investment Fund
LBA EIS Roundtable Syndicate Fund 2015