UK-based customer services technology developer Vizolution has reeled in £10m ($12.9m) from investors including financial services firms Royal Bank of Scotland, HSBC and Santander, the latter through its Santander Consumer Finance division.
Development Bank of Wales and several family offices and private investors also took part in the round, which brought the company’s total funding to more than $21m to date.
Vizolution provides screen sharing technology that helps enterprises interact with their customers online, and which allows them to digitally send, receive and sign for documents. Its customers include RBS, HSBC and Santander as well as other businesses in the financial services, telecoms and utilities sectors.
Gayle Lacey, chief operating officer of UK commercial banking for HSBC, said: “Since our initial investment in October 2016, we have witnessed Vizolution’s rapid global expansion and continued development of its products.
“This reinvestment shows our continued support for the company and we are confident that with this additional funding Vizolution can continue to strengthen the solutions that they offer and in turn continue to improve our customers’ digital journeys across our product lines.”
HSBC led a $6.3m round for the company in 2016, which included investment group Finance Wales, four months after securing $1.5m in debt financing from Boost&Co.
Finance Wales previously participated in a $1.2m round closed by Vizolution in 2013 alongside Notion Capital and Peter Birch, before the company raised $780,000 in a Perscitus Advisers-led round in June 2015.
