£409,000 EIS qualifyingUse of funds:
- Expansion of team
- Investment in marketing activity
- Further development of technology platform
Stressfreecarrental.com operates a price comparison and booking platform for car hire and airport transfers. It aims to bring a fresh approach to product, service and technology and offer lower prices, improved transparency and better customer experience.
Stressfreecarrental.com was launched in 2020 by founders John Charnock, David Mathews and Rory Powers, a proven team who have previously grown and exited their former venture together. The business is based in Manchester and has since brought on board travel industry veteran James Jennings as chairman and Tom Knopek, who has had a 30-year career in the car rental industry, as non-executive director.
DSW Ventures made a £409,000 EIS qualifying investment in November 2021 as part of a total round of £534,000, co-investing alongside an industry experienced angel investor. The funding will support multiple new hires alongside further investment into marketing and the technology.