Distil.ai secures £350,000 South West Investment Fund equity to propel growth
Summary
The Exeter-based company collaborates with OpenTable, the worlds largest restaurant booking platform, as well as other platforms, to unlock operational efficiencies.The funding will fuel Distils ambitious growth plans, enhancing its team and advancing platform development including the addition of multi-language capabilities, ahead of a planned Series A funding round.Gerry McNicol, founder and CEO of Distil, said: This funding is allowing us to invest in key activities to accelerate our growth trajectory and solidify our position in the market. Distil is well-positioned to achieve significant growth and we are delighted to be supporting them on this journey.Paul Jones, Senior Investment Manager from the British Business Bank said: "Distil.ai is a great example of how data-driven innovation is thriving in the South West. "Sam Huxtable, Managing Partner at Waterspring Ventures added: We are thrilled to announce our investment in Distil. With a highly experienced team, they have developed an innovative platform to help restaurant chains leverage data science to streamline and automate complex, manual operational processes. Now, with exclusive access to OpenTables data, Distil is poised for significant growth, and we look forward to supporting them in seizing this exciting opportunity.The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West.