eReceipts Raises £1M Second Funding Round

eReceipts, a London, UK-based provider of an electronic solution designed to solve the problem of managing, storing and retrieving receipts, is raising £1m in a second funding round.

Backers included members of Envestors Limited, who had already contributed to an earlier fundraising round of £500k for the company, in November 2011 (read here) and re-invested £300k.

Led by Andrew Carroll, CEO, eReceipts provides a web and mobile app that stores the users’ receipts in the cloud whilst allowing them to demand discounts from retailers. eReceipts are created and collected from retailers’ point of sale systems.
The company has already signed up over 110 independent stores as well as its first “multiple” in DFS, a UK furniture retailer. The technology is also being deployed in one of the UK’s leading supermarkets, rolling out in April 2013.

Envestors is a wholly owned subsidiary of Braveheart Investment Group plc, the AIM-listed investment management group specializing in venture capital investments and investment services to business angels, high net worth individuals, family offices and public sector organizations.



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