£2m EIS qualifyingUse of funds:
- Development of technology platform
- Build digital marketing strategy
- Strengthen management team
- Staff recruitment
One Utility Bill simplifies the utilities experience for for consumers, landlords and letting agents by consolidating household bills into one monthly payment, providing a unified front-line support service and providing cost splitting features for shared accomodation. Having launched in the student market, they have now successfully extended into the wider rental and homeowner markets.
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 Ventures has led two investments rounds totalling £3.3 million of EIS qualifying investment alongside Northstar Ventures. The funding has enabled the business to expand its Newcastle-based team, enhance its technical capability and extend its reach to both consumers and partners.