- £965,000 EIS qualifying
Uses of funds:
- Development of technology platform
- Build digital marketing strategy
- Strengthen management team
- Staff recruitment
One Utility Bill simplifies utility bills for tenants, landlords and letting agents by consolidating household bills into one monthly payment, which can be split between housemates. Having launched in the student market, they have now successfully extended into the young employed market and operate under several brands.
One Utility Bill is based in Newcastle upon Tyne and was founded in 2015 by two young entrepreneurs, Chris Dawson (CEO) and Dale Knight (CTO). At the time of investment, the business managed £10m of utilities for its customers.
DSW Angels led a £1.7 million EIS qualifying investment in March 2020 alongside existing investors including Northstar Ventures. The funding is enabling the business to expand its Newcastle-based team, enhance its technical capability and extend its reach to both consumers and partners.
|Keith Benson||David Smith||Ellie Boardman|