The South West Investment Fund is an initiative designed to provide equity and debt finance to growing businesses across the South West of England.
The Exeter-based sales outreach platform secured backing from The FSE Group to accelerate product development.
"This funding is a pivotal step in our journey to redefine client engagement through innovative technology. The backing from FSE and the South West Investment Fund provides not just finance but also strategic support that will help propel Sendr forward. We look forward to working with Matt and the FSE team on this journey."
The funding round includes £500k from the South West Investment Fund via The FSE Group.
The round was backed by investors including the South West Investment Fund and Waterspring Ventures.
"With its scalable technology and strong foothold in the restaurant sector, Distil.ai is a compelling investment opportunity. The company’s unique access to OpenTable data, along with its credible management team, make it an exciting proposition. Distil is well-positioned to achieve significant growth and we are delighted to be supporting them on this journey."
The funding round was led by The FSE Group and included participation from the South West Investment Fund.
"We see too many people who are undergoing treatment or suffering from conditions, who don't understand what's going on, which increases their anxiety. It also increases the demands they make on their health systems and services around them. It's not fair, and it's not necessary."
The funding comes via The FSE Group and brings the company total funds raised to £6.6m.
"We’re delighted to receive this investment, which will enable us to enhance our operational efficiency, continue to grow our digital subscription business and expand our B2B channel growth. Our mission to eliminate plastic waste is more urgent than ever and, with this support, we’re well set to scale our impact even further"
