by Charlie Spargo
One Utility Bill has closed its second funding round in 12 months, having secured investment worth £1.6 million in a round led by DSW Ventures.
Founded in 2015, the proptech company simplifies utility billing for residents, landlords and agencies, providing four solutions - Notify, ubundle, Fused and One Utility Bill. Its total investment raised now sits at over £5 million.
The most recent fundraising round is One Utility Bill s fifth, and the startup s second in the past 12 months. DSW Ventures, the incumbent investor, led the round - extending its investment to £2 million - along with the North East Innovation Fund, which is supported by the European Regional Development Fund and managed by Northstar Ventures.
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