The pre-series A round was led by 24Haymarket with backing from Northstar Ventures, UKRI, and Dhiraj Mukherjee.
"Whilst most companies have some form of volunteering or a social good program, typically engagement is really low. We solve that by making doing good bite-size, on-demand and based on your exact location with off-the-charts employee engagement results. That’s because the world wants to do good: we’ve just made it so much easier. This raise lets us help businesses everywhere deliver incredible impact."
The oversubscribed round was led by Northstar.vc with participation from Upper90 and existing backers.
"We are extremely pleased with the progress to date, and this latest round of investment, from some of the leading names in business and technology, is an endorsement of our strategy and rapid growth."
The Newcastle-based utility platform has raised a follow-on investment led by DSW Ventures and Northstar Ventures to scale operations and enhance technology.
"We’re delighted to raise this follow-on round from our investors, our second investment in a challenging but very rewarding 12-month period. This is a huge vote of confidence in our business and reflects the incredible progress that the One Utility Bill team has achieved over the last 12 months. We’ll be using the funds to further accelerate our customer growth and invest in our technology."
Northstar Ventures and angel investors back Durham information security software provider.
"According to IBM, the average cost of a data breach in 2020 was £2.9 million. Yet most businesses are left with inefficient, costly and paper-heavy manual processes to manage this risk."
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