Disruptive Capital lead investment in Lysanda

Private investors also participated in the funding round. The capital will allow Lysanda to target new markets including the vehicle breakdown and insurance sectors.

Company
Founded in 2005, Lysanda currently employ 25 and plans to recruit an additional eight people in product development by year end. The company’s revenue is in the low millions.

Kelvedon-based Lysanda has developed the Eco-Log software product, which cuts vehicle fuel consumption by up to 20% and reduces carbon emissions, moves towards delivering solutions to the vehicle breakdown and insurance markets with “pay as you drive” technology.

The patented software reduces vehicle fleet running costs by providing real-time data on fuel consumption and driver behaviour. Using the company’s prognostics and diagnostics technology, broken down vehicles can communicate with roadside rescue firms in real time, informing them of the specific malfunction before the call-out, improving response times.

People
Geoffrey Finlay, who invested alongside the syndicate and has expertise in building software businesses internationally, has been appointed as Lysanda’s executive chairman. The deal was managed by Disruptive Capital directly, with Finlay joining a key element in its decision to invest.

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• Topics
• Expansion
• UK / Ireland
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• United Kingdom