Summary
Insights
Raylo shows strong potential with its innovative approach to making high-cost smartphones accessible through leasing options. Based in London, the platform targets consumers who find traditional purchasing methods expensive or cumbersome. By focusing exclusively on smartphones, Raylo differentiates itself from competitors with higher upfront costs and slower upgrade cycles. Backed by reputable investors and targeting a clear niche within the e-commerce sector, Raylo is well-positioned to attract customers seeking flexible, cost-effective ways to stay updated with the latest technology.
Total Funding
$32.4M
- 2023 Series A $6.5M
- 2022 Unknown $7.8M
- 2020 Debt Financing $12.3M
- 2019 Seed $3.8M
- 2019 Pre Seed $2.0M
Investors
Octopus Ventures Series A
Macquarie Capital Series A
Channel 4 Ventures Series A
Quilam Capital Debt Financing
Avellinia Capital Debt Financing
Avellinia Capital Debt Financing
Techstart Ventures Pre Seed