RezKit secures £250k in seed funding led by Jenson Funding Partners to expand its technical team.
The seed round was led by Jenson Funding Partners to support platform development and technical hiring.
RezKit provides a modern booking platform designed to streamline operations for travel businesses. The system uses a series of application programming interfaces to connect companies with customers and third-party applications.
RezKit has secured £250k in a seed round led by Jenson Funding Partners. The company plans to use the capital to accelerate platform development by expanding its technical team.
Founded following the industry disruptions of the Covid-19 pandemic, RezKit aims to replace legacy software systems in the travel sector with a flexible, API-driven architecture. The platform allows travel businesses to integrate third-party tools and applications more easily.
Chief executive Matt Illston drew on decades of sector experience to establish the business. The latest injection of capital will support ongoing client onboarding and new product integrations as the platform scales.
From the founder
"The pandemic was incredibly tough for the whole travel industry. Rather than scale back operations to save money, we invested heavily in new and emerging technologies. The patience and hard work is finally beginning to pay off. In 2023, we have our first clients onboarded, more in the pipeline and new and exciting integrations being developed. The icing on the cake was when we secured funding through Jenson Funding Partners – this, along with our growing revenues from the system, will enable us to develop our brand and invest in extending the technical team further."
Matt Illston
Founder and CEO at RezKit
Investor perspective
"RezKit is working to modernise the software platforms that underpin the various systems that are utilised by the travel industry. The company stood out as it used the downtime of the pandemic to take a deeper look at the issue and develop a solution that brings the industry more in line with others that rely on SaaS platforms. It was clear that Matt and the team had the first-hand experience of working in travel over the last few decades and can help steer RezKit towards becoming a platform of choice for so many businesses in the industry."
Sarah Barber
CEO, Jenson Funding Partners
Use of funds
- 01Grow the team
- 02Continue product development