£5.2M
The investment round was led by Macquarie and Channel 4 Ventures to support the company platform.
Raylo
Raylo provides a technology platform for leasing and reusing consumer electronics.
£25.1MTotal raised
Raylo operates a technology platform that facilitates the lease and reuse of consumer electronics to promote a circular economy. The company partners with retailers and networks to offer sustainable device financing and trade in services.
Categories
Founders
Jinden Badesha
Co-founder
Jinden brings product experience from Barclays and Funding Circle UK, alongside his current role as co-founder and chief product officer at Raylo.
LinkedInKG
Karl Gilbert
co-founder and CEO
Karl is the co-founder and CEO of Raylo. His background includes roles at Deutsche Bank, Funding Circle UK, and Citi.
LinkedIn
Richard Fulton
Co-founder
Richard brings investment banking experience from Goldman Sachs and Citi to his role as co-founder and chief strategy officer at Raylo. He previously founded Tyrian Capital.
LinkedInInvestors
- £5.2MMacquarieLead
- £8.3M
- £10.0M
- £1.6M
Funding history
£8.3M
The Series A round was led by Octopus Ventures to support team expansion and product development.
£10.0M
The debt facility was led by Avellinia Capital with backing from Clerville Investment Management.
£1.6M
Techstart Ventures and Funding Circle co-founders backed the mobile startup to support its commercial launch.