Money Workout Limited is a Southampton, UK-based web provider of available mortgage search and comparison tools. The company focuses on the new home mortgage market, which the article estimates at approximately £80bn in lending in 2010 (around 500,000 mortgages). It has raised £1.52m from Octopus Ventures to support further development and growth. The funds were provided by Octopus Titan VCTs 1, 2 and 3, the Octopus Eureka EIS and the Octopus Investor Group. The capital infusion is intended to enable the company to further develop and grow the business. Matt Andrews, Managing Director, said the investment facilitates delivery of strategic and operational goals and that Octopus’ experience is already helping fine tune the journey.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2010