One Utility bill closes on £1.7m investment round from DSW Angels
One Utility Bill is delighted to announce its latest investment round – closing on a deal of £1.7m led by DSW Angels, the venture capital business of the Dow Schofield Watts group, and including existing investors the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures.
This is the fourth round of investment the company has raised since its inception in 2014 – highlighting the drive, growth, and success to date. The investment will allow us to progress with our next stage of growth, including implementing new technologies as well as developing our consumer and business-partner propositions. This will both enhance the customer experience and springboard One Utility Bill further as leaders in our field.
During the current testing times, our approach and systems and have allowed us to continue to operate business as usual. We have even added to our headcount and on-boarded new staff members remotely. This is just the start! Looking ahead, we are excited to witness what is about to come next.
A final acknowledgement of thanks to the entire One Utility Bill team for their continued hard work and support – the backbone of the company and we would simply not be us without them.
Chris Dawson, CEO, commented “Having DSW lead on this investment is a really exciting time for One Utility Bill and I am overjoyed we have now reached the next stage of growth – it is a real pivotal time for the business as a whole and everyone involved.
“We’re lucky to have an unparalleled commitment from our team, who provide the strongest foundations for the fundamental success of the company. It has been an interesting journey so far and, undoubtedly, a collective effort to bring the company to where we are today, so a huge thanks to our staff.
Here’s to the future of One Utility Bill and working with DSW Angels!”
One Utility Bill would like to thank all of our investors, past and present, who continue to support us in our growth and propel us forward. We’re excited to see what is next for the company and delighted to have all our investors on this journey with us.