Financial services firm HSBC led a £5m ($6.3m) round for UK-based customer services technology developer Vizolution on Tuesday that included £1m from investment group Finance Wales.
Vizolution provides screen sharing technology that helps businesses interact with their customers more easily online, allowing documents to be digitally sent, received and signed in real time.
The funding will go to product development and international expansion, particularly in North America, the Asia Pacific and Europe, Middle East and Africa regions.
Ore Adeyemi, HSCB’s investment director of strategic innovation investments, said: “The Vizolution platform has proven to be a highly successful and innovative solution geared towards ensuring an efficient process and simplifying service delivery for customers in financial services and other sectors.
“We are excited about this investment partnership with Vizolution as they execute on their future plans.”
Finance Wales had previously provided £500,000 of a £750,000 round closed by Vizolution in 2013, with Notion Capital and angel investor Peter Birch also contributing.
The company raised £500,000 in a Perscitus Advisers-led round in June 2015 before securing $1.5m in debt financing from Boost&Co in July this year.