UK – Caura, a London, UK-based provider of a car motoring management app for UK drivers, raised £4M in funding.
The round was led by Lloyds Banking.The company intends to use the funds for the development of new and existing products and services for both consumers and businesses including vehicle maintenance and UK-wide parking for both iOS and Android apps. Founded in 2019 by Dr Sai Lakshmi, CEO, Caura brings all driving related payments together into one place, to simplify car admin for UK drivers. It manages the aspects of car ownership: tolls, MOT, vehicle tax, car insurance, tolls and city charges, and soon parking. The app is available on iOS and Android now, and will be releasing a suite of products for enterprise and SME customers in the next 12 months.Caura was previously backed by TwinFocus, InMotion Ventures (the venture arm of Jaguar Land Rover), Road Ventures, Pareto Holdings and Quiet Capital. Notable angels also joined, including Jon Oringer, founder of Shutterstock, Antony Sheriff, former CEO of McLaren Automotive, and Rob Wilmot, serial entrepreneur, investor, and advisor to the UK Government.30/01/2023
