Date: 23 July
2024
Castelnau Group
Limited
Ocula Technologies Holdings Ltd announces
successful Series A Investment round
Castelnau Group Limited ("Castelnau") is pleased
to announce that Ocula Technologies Holdings Ltd ("Ocula"), a
growing SaaS business specialising in providing AI insights to
e-commerce businesses, has today confirmed that it has received
£3.25m of series A investment in a funding round led by Praetura
Ventures, a UK based venture capital firm.
Castelnau, a founding shareholder in Ocula, and
Lloyds Banking Group via its fintech investment team, have also
added to their existing investments. Ocula will use the investment
to scale its sales and technology teams, as well as developing new
and existing product teams.
Richard Brown, CEO
of Castelnau, said: "We are pleased to welcome Praetura on board,
and look forward to working closely with them and their network.
This investment round will give Ocula the runway to further expand
their team, enhance their products and continue to increase their
client base. As a long-term investor in Ocula, we are looking
forward to seeing the growth this should
deliver."
Thomas McKenna, CEO
of Ocula, added: "We have created something special at Ocula from
both a product and culture perspective. Users consistently tell us
that our generative AI is levelling the playing field with their
most advanced competitors. We've achieved this by bringing together
some of the brightest science, engineering and product talent in
the UK and beyond. This investment will see us go faster when it
comes to UK and US expansion and deliver the next set of exciting
AI features to clients."
Peter Carway,
investment director at Praetura Ventures, added: "AI's role within
e-commerce has grown exponentially over the past several years.
There's now a wealth of incredibly exciting developments for
retailers of all sizes, as proved by the work being done by Ocula.
Having invested in this space before, we were drawn to Ocula's
proposition and suite of highly sophisticated products as well as
the strength of Ocula's co-founders Thomas and Gregory, who we're
looking forward to supporting with more than
money."
Enquiries:
Castelnau Group
Richard Brown - CEO
info@castelnaugroup.com
Citigate Dewe Rogerson
+44 (0) 20 7638 9571
Caroline Merrell
Toby Moore
