UK – Raylo, a London, and Belfast, Nothern Ireland, UK-based tech platform that promotes the reuse of consumer goods, raised an additional GBP5.2M in funding.
The round was led by Macquarie and Channel 4 Ventures. The company intends to use the funds to expand operations and its business reach.Led by CEO Karl Gilbert, Rayo provides a technology platform that enables lease-and-reuse of consumer goods, which makes them more sustainable, accessible and affordable. Key components of its solution include: The company has over 80,000 customer subscriptions and boasts £22m in annualised recurring revenue. 12/09/2023
