One Utility Bill, a Newcastle, UK-based platform which simplifies utility billing for tenants, landlords and letting agents, raised £1.7m in funding.
The round was led by DSW Angels, with participation from existing investors the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures.
The company intends to use the funds to to further improve the reach of the business, extending both the consumer and business-partner propositions, enhance its technical capability and create new and innovative features for customers.
Founded in 2014 by Chris Dawson, CEO, and Dale Knight, Chief Technical Officer, One Utility Bill consolidates household bills into a monthly payment, which can be split equally between housemates. The platform manages energy, water, broadband, media and TV licence with an annual value of over £10m on behalf of thousands of households across the UK.