Calculus leads £2.5m follow-on round for Money Dashboard

Ariadne Capital, Par Equity and The Scottish Investment Bank also took part in the round, which brings the total amount raised for the series-A to £5.2m.

The fresh capital will enable Money Dashboard to invest in product development, with a particular focus on the personalisation of its mobile offering.

The investors stated they were attracted to the company by the growing appetite for personal finance software and its consumer-focused approach.

Previous funding
Calculus led the initial £2.7m series-A round for Money Dashboard in November 2013, providing the majority of the capital. Following this round, the company also formed a partnership with branding agency Zag – a division of advertising agency Bartle Bogle Hegarty – to facilitate the launch of the company's services. Zag took a stake in Money Dashboard as part of the agreement.

Company
Founded in 2010, Edinburgh-based Money Dashboard provides financial management software for personal use. The product allows users to view all current accounts, savings accounts and credit cards in one place, regardless of whether a customer banks with several institutions. The business stated it has increased its user base by 300% over the past two years.

People
Richard Moore is an investment director at Calculus. Julie Meyer is chairman and chief executive at Ariadne. Gavin Littlejohn is CEO of Money Dashboard.

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