# Fuzey

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fuzey

- Industry: Software
- Headquarters: London, UK
- Website: www.getfuzey.com
- Total disclosed funding: $5.2M
- Latest round: Seed (Dec 6, 2021)
- Investors on record: 4

## About

Based in London, UK, Fuzey Ltd is an innovative company focused on providing an AI-powered communication platform tailored for car dealerships, enhancing their operational efficiency and customer interactions.Founded in 2020, Fuzey Ltd specializes in streamlining communication for automotive dealerships through its integrated platform. The company was co-founded by Alex Boyce and Henrik Jensen, with Jensen currently serving as CEO. Fuzey has successfully raised GBP 3.4 million in SEED funding on December 6, 2021, led by byFounders and joined by investors including Ascension Ventures and Flash Ventures. The company has completed two funding deals to date, raising a total of GBP 3.4 million and achieving a current valuation of GBP 13.755 million.Fuzey offers an AI-powered communication platform specifically designed for car dealerships, integrating WhatsApp messaging with dealership management systems (DMS) to streamline communication across various operational areas. The core functionalities include automations for sales and aftersales processes, allowing dealerships to manage customer interactions and inquiries efficiently within a single platform. Fuzey's solutions are tailored for automotive dealerships, serving a client base that spans multiple geographical markets, including North America and Europe, where the demand for integrated communication tools in the automotive sector is prominent.Fuzey's revenue model primarily consists of subscription services, where dealerships pay for access to the platform's suite of tools. Each dealership enters a partnership agreement that outlines the terms of service and associated costs, which vary based on the number of users and services utilized, such as AI automations and messaging capabilities. The company's offerings focus on enhancing operational efficiency and customer communication, critical for driving sales and maintaining customer satisfaction in the automotive industry, with regular transactions based on subscription plans facilitating ongoing revenue generation.Following its most recent SEED funding round in December 2021, in which Fuzey raised GBP 3.4 million, the company plans to utilize these funds to expand its team and target new markets across Europe and North America. Fuzey is focused on developing new products that further enhance its communication platform, with specific timelines for releases yet to be disclosed. The company aims to strengthen its presence in the automotive sector by leveraging its innovative solutions in these regions.

## Funding rounds

- Seed, Dec 6, 2021, $4.5M — Ascension Ventures, Global Founders Capital, byFounders, Flash Ventures
- Seed, Nov 20, 2020, $0.7M — Flash Ventures

## Investors

- Flash Ventures (https://capitalatlas.ai/funds/flash-ventures) — Seed
- Ascension Ventures (https://capitalatlas.ai/funds/ascension-ventures) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- byFounders (https://capitalatlas.ai/funds/byfounders) — Seed