# Youtility

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

- Industry: Software
- Headquarters: London, UK
- Website: www.youtility.co.uk
- Total disclosed funding: $5.9M
- Latest round: Seed (Dec 12, 2019)
- Investors on record: 1

## About

Youtility Ltd. is a technology company specializing in embedded subscription management services, providing banking customers with insights into their utility and telecom contracts, enhancing their financial management capabilities.Founded in 2016 and headquartered in London, UK, Youtility Ltd. offers a technology platform for managing subscriptions. The company has not undergone significant pivots or undergone mergers. Founders Charlie Q and Will Kostoris have backgrounds in creating financial technology solutions. Youtility has completed 3 funding deals, with the most recent investment round occurring in October 2023, raising GBP 4.5 mn from Ascension Ventures and Barclays, bringing the total amount raised to GBP 4.5 mn.Youtility offers an innovative technology platform that provides embedded subscription management services for banking customers. Its core offerings allow users to gain insights into their utility and telecom contracts, enhancing their ability to manage and save on these subscriptions. The platform simplifies subscription management, ensuring accessibility and informative services for consumers. Youtility partners with leading utility suppliers, primarily catering to the UK market while extending reach to select European regions.Youtility generates revenue through strategic partnerships with utility and telecom suppliers, offering integrated subscription management services to banking applications. The revenue model is based on B2B collaborations, where banks provide Youtility's services to their customers, potentially involving subscription fees for the embedded offerings. This structure supports enhanced service portfolios for banks, fostering customer engagement and retention.In October 2023, Youtility was acquired by BioSqueeze Inc., a portfolio company of Next Frontier Capital and others. This acquisition aims to expedite BioSqueeze's development efforts. Youtility's future growth strategy may include launching new products and expanding into new geographic markets, although specific products and timelines have not been disclosed at this stage.

## Funding rounds

- Seed, Dec 12, 2019, $5.9M — Ascension Ventures

## Investors

- Ascension Ventures (https://capitalatlas.ai/funds/ascension-ventures) — Seed