E-commerce web tool User Replay closes $500,000 seed funding round
Investment from South East Fund & TVB Growth Scheme to scale offering
Reading-based technology start-up User Replay has secured $500,000 seed finance from the South East Seed Fund and the Thames Valley Berkshire (TVB) Growth Loan Scheme, bringing its total funding to date to $2.5m.
Founded in 2011, User Replay offers e-commerce companies the ability to track customer journeys and lets its clients, which includes Pizza Hut and Sports Direct, record, re-run and analyse visitor activity to their website.
It says its technology is “invaluable” as it helps e-commerce business’ to improve their customer shopping experience and website quality.
This latest funding addition will be used to develop its platform and grow its client base.
The investment sees User Replay become the first business awarded finance from the joint partnership between regional business support service, the TVB Growth Scheme, and early-stage equity fund the South East Fund.
John Thompson, CEO of User Replay commented: “We’re delighted to be the first company to secure funding from the joint programme.
“Innovative schemes like this have an important role to play in the future of high-growth businesses like User Replay.”
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Finance provider FSE Group will be managing the fund partnership, FSE head of equity Julie Silvester said:
“User Replay [is] a fantastic example of the type of innovative fast growing companies we see in the Thames Valley. From the beginning we were impressed by the strength of the management team and we look forward to assisting the company to develop its product offering and adding to its already impressive customer base.”