Member Article

Liverpool comparison website Dipstix secures £600k funding

Liverpool’s Dipstix has secured £600k of equity funding from a syndicate led by The North West Fund for Digital & Creative.

The North West Fund for Digital & Creative has invested £350k of its own funds together with funding provided through the Seedrs crowd funding platform.

Liverpool-based Dipstix, operates a price comparison website for the £19bn per annum automotive services sector.

The Dipstix platform allows the automatic booking of MOTs, services and repairs, acting as an aggregator for independent garages, allowing them to offer, third party added value products such as roadside assistance and MOT insurance.

The company was founded in July 2013, by David Cederholm, the former UK Sales Director of Just Eat.

It was subsequently backed by a group of angels including the current CEO of Just Eat, David Buttress, and Tom Singh, the founder and Chairman of New Look.

The investment will be used for further sales and IT recruitment in its Liverpool office.

The new hires will assist the further development of the site and in setting up further affiliate and partner relationships.

Founder David Cederholm said: “We’re delighted with the success of our funding.

“Dipstix is making huge strides in the development of online booking technology for independent garages across the country and this investment will enable us to expand nationally whilst creating more local jobs.

“Dipstix is saving motorists time and money by connecting them with the UK’s most trusted, independent garages – as well as reminding drivers when important maintenance is due, which in turn is creating cost savings, efficiencies and increased sales for local garages.

“It’s going to be a very exciting journey for us and we’re thrilled to be moving up a gear!”

This was posted in Bdaily's Members' News section by Sophia Taha .