PE Tech Report


Like this article?

Sign up to our free newsletter

Willo raises GBP630,000 in seed round lead by 1818 Venture Capital

Growing tech startup Willo has set its sights on becoming the global leader in video interviewing after receiving a GBP630,000 investment to fund growth in key markets – including the USA.

The cash injection – from high net-worth investors including ex Freeserve PLC COO Mark Danby, ex BT talent chief Susan McRoberts, and entrepreneur and Santander Global Head of Digital Mobility Solutions Jose Ignacio Puente – takes the overall investment in the Glasgow-founded tech firm to more than GBP1 million.

This round has been led by Guernsey-based early stage tech investment firm 1818 Venture Capital, which also invested in Willo’s previous round.

Marc Cohen, Partner at 1818 Venture Capital, will now join the company’s board. “Willo has an incredible team, founders we truly believe in and a rapidly growing service that has found product-market fit,” he says. “We have been incredibly impressed by what the company has achieved so far and are proud to lead this round and support Willo on their exceptional growth journey.”

The total investment of GBP630,000 has already been rubber stamped by HMRC ­and will be used to develop new products, supercharge marketing and grow the 17-strong Willo team with a raft of new hires.  

Immediate growth plans will be focused on the USA and Australia, where new team members have already been recruited, as well as continued expansion in the UK. As it continues on its global expansion, Willo is now natively available in French, with more languages – including German, Russian, Dutch and Spanish – on the way.

Like this article? Sign up to our free newsletter