London based utility software specialist, Advizzo (http://www.advizzo.com/ ) has secured an investment round from an LBA syndicate, including the London Co-Investment Fund (LCIF). The company, founded in June 2015 by a team of cloud based software development experts, has developed a software platform to enhance customer engagement for large utilities companies. Since launch, Advizzo has already engaged with a number of Utilities B2B clients in both the UK and France with an ever increasing pipeline in place. The investment will be used to deliver projects and increase sales capacity and development resources and marks the 14th investment that the LCIF has made alongside LBA since January 2015.
Patrice Guillouzic, Advizzo CEO, comments, ““We are really pleased that such an experienced group of investors have backed Advizzo’s growth. The new capital will support our software development and allow Utilities to reinvent the way they communicate with their end consumers and help them use the water and energy they just need. The combination of behavioural sciences with big data software is super powerful to have residential consumers taking charge of their consumptions and connect with their Utilities.”
Anthony Clarke, LBA CEO, comments, “Patrice and his team have developed a highly scalable and innovative software platform which has the potential to disrupt the way that customers engage with their utility suppliers. Despite only having incorporated last year, the company has already engaged with a number of blue chip Utilities and demonstrates a strong commercial traction. Our LBA syndicate’s investment alongside our partners at the LCIF, should give the company a good base from which accelerated growth can be achieved.”
Puneet Bhatia, LCIF Fund Manager, comments, “We are glad to be able to support Advizzo in developing its software platform for utilities. It's a fantastic endeavour to make our cities, utilities and their customer engagement smarter and better informed."
More info on www.advizzo.com