Vizolution raises £12m from Santander, Royal Bank of Scotland, and Development Bank of Wales to fund international expansion
The Port Talbot based customer experience firm secured backing from new and existing investors to grow its footprint in the Americas.
Share allotment filed at Companies House
Port Talbot headquartered customer experience technology company offering digital interaction software for financial services, telecoms, and utilities.
Vizolution has secured £12m in funding to expand its operations across North and South America and develop new products. New investors Santander Consumer Finance and Royal Bank of Scotland joined the round, alongside a £2m re-investment from the Development Bank of Wales and further capital from existing backers and private individuals.
Established in 2013, the company provides patented SaaS solutions that allow customers and agents to share and sign documents remotely without requiring software downloads. The firm currently employs nearly 140 people across offices in Toronto, Bristol, and London, serving global enterprises including HSBC and O2.
The capital will support the ongoing international footprint extension of the business and fund enhancements to its suite of customer experience solutions.
From the founder
"We are delighted that the Development Bank of Wales remain supporters of Vizolution and continue to believe in what we do. Their investment, help and guidance over the years has meant a lot and has been a big part of our success. We look forward to many more successful years of working together."
Scanes Bentley
Chairman at Vizolution
Investor perspective
"We are always on the lookout for companies with the potential to not only support Wales’ growth, but also make an impact on the worldwide stage. We have been investors in Vizolution since its launch and have continued to support the company’s growth co-investing alongside the existing and latest investors at every stage. Our re-investment, alongsideSantander Consumer Finance, RBS and HSBC is testament to ourbelief in the quality of its product, brand, and, most importantly, its team."
Philip Barnes
Technology Ventures Investment Executive, Development Bank of Wales
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Vizolution
Vizolution provides omni channel digital customer interaction solutions for global enterprises.