# One Utility Bill

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/one-utility-bill

- Industry: Software
- Headquarters: Newcastle, UK
- Website: www.oneutilitybill.co
- Total disclosed funding: $1.8M
- Latest round: Seed (Oct 19, 2017)
- Investors on record: 3

## About

One Utility Bill Limited, based in the UK, specializes in utility management services that simplify the billing process for customers. They consolidate payments for energy, water, broadband, and television into a single, manageable bill.Founded in 2014 in Newcastle, UK, One Utility Bill Limited provides innovative utility management solutions. The company has successfully completed 6 deals, with the most recent funding round occurring on March 31, 2021. They raised GBP 1.61 million led by Dow Schofield Watts Angels and Northstar Ventures, bringing the total amount raised to GBP 1.61 million and the current company valuation to GBP 12.711 million. The founder, Chris Dawson, has a history of entrepreneurial ventures, although specific details of previous companies are not available.One Utility Bill offers a comprehensive suite of utility management services designed to simplify the billing process for renters and homeowners. Their core product is a customized bills package that consolidates payments for energy, water, broadband, and television services into a single monthly bill. This service is particularly beneficial for busy households and large families, alleviating the stress associated with managing multiple utility accounts and payments. Customers can split bills with cohabitants, and the service is marketed as a solution to avoid dealing directly with utility companies. One Utility Bill's offerings are available throughout the United Kingdom, targeting both urban and suburban residents looking for a streamlined approach to managing their household utilities.The revenue model for One Utility Bill is centered on subscription-based services, where customers pay a fixed monthly fee for their bundled utility packages. Each package can include various services, such as unlimited energy, broadband options, and television subscriptions, all integrated into one easy payment. This approach allows One Utility Bill to cater to a diverse client base, targeting both individual consumers and families who prefer a straightforward, all-inclusive billing solution. The structure of these transactions promotes a seamless experience, as clients receive one direct debit for all their utilities, thus streamlining their financial management. The EBITDA for the most recent year, 2024, is reported as GBP 0.One Utility Bill Limited plans to utilize the GBP 1.61 million raised in its most recent funding round to accelerate customer growth and invest in technological advancements. The company is focusing on enhancing its existing products and potentially launching new offerings aimed at improving service efficiency. Additionally, there are intentions to expand into new markets, although specific regions have not been disclosed. The company aims to implement these growth strategies in the near term to strengthen its market position.

## Funding rounds

- Seed, Oct 19, 2017, $0.9M — Middleton Enterprises, Pi Labs
- Seed, Nov 10, 2016, $0.6M — Northstar Ventures
- Seed, Oct 2, 2015, $0.2M — Northstar Ventures
- Seed, Apr 29, 2015, $0.1M — Northstar Ventures

## Investors

- Northstar Ventures (https://capitalatlas.ai/funds/northstar-ventures) — Seed
- Middleton Enterprises (https://capitalatlas.ai/funds/middleton-enterprises) — Seed
- Pi Labs (https://capitalatlas.ai/funds/pi-labs) — Seed