What do dogs, drones and train tickets have in common?
Meet three companies forging the future with help from Coutts clients.
2 min read
27 Sep 2021Markets traded around three themes in August: inflation, timing of central bank stimulus reduction and more moderate growth3 min
21 Sep 20213 min
SenSat: Come fly with me
Shoreditch-based tech firm SenSat uses drones to collect visual and spatial data which feeds into a digital recreation of the real world. These ‘simulated realities’ are used by infrastructure companies to help inform their decisions.
The company’s drones can map the world an incredible 15,000 times more accurately and 12,000 times faster than traditional methods.
Commuter Club: Just the ticket
Another award-winner, Commuter Club, enables people to pay the cheapest travel fares without having to hand over thousands of pounds upfront for an annual ticket. Its subscription service gives customers the best deals available but they pay monthly – saving hundreds of pounds a year compared to buying standard, monthly or weekly tickets.
One of only three retailers licensed by the Department for Transport to sell rail tickets in the UK, they’ve sold more than £70 million worth of season tickets since 2014, helping over 20,000 customers save around £10 million on their daily commute.
Irina Iovita, CEO of Commuter Club, says: “Commuters have a right to cheaper and easier travel, so Commuter Club was founded to make this right a reality. The investors we attracted through Coutts were, for the most part, finance professionals, some of whom already knew our shareholders. Their deep understanding of our business model and market was invaluable, and provides a supportive group for advice."
WOOF&BREW: Pet project
Purveyors of the world’s first doggy herbal tea bags, WOOF&BREW produces unique, healthy tonics and treats for dogs.
Their products, which include ‘Pawsecco’ and ‘Bottom Sniffer’, are designed with veterinary experts to support dogs’ health. The nutritionally balanced beverages aim to help with, among other things, healthy coats, anxiety, joints and digestion.
The company first launched at Crufts back in 2013 and now sells its products in over 2,000 outlets across 14 countries. Waitrose, Aldi and Pets at Home are among the major retailers stocking their goods.
WOOF&BREW managing director Steve Bennett said, “We were delighted to work with Coutts and receive support from their investors. We were introduced to them by an existing shareholder early last year, and worked closely with them throughout the process. Our new investors bring value beyond capital.”
He adds, “We have created a new market producing healthy drinks for dogs and are confident that, with this investment, we can build a major business in a lucrative and growing market place.”
For more information on the Coutts Investment Club, please contact your private banker or wealth manager.