DataWollet has raised £1m in a pre-seed round led by 1818 Venture Capital, with participation from Angel Academe Network members and the Angel Academe EIS Fund. The company provides a single, instant gateway for accessing consumer financial data to address significant pain points and inefficiencies businesses face when accessing data for critical processes such as mortgage applications.
DataWollet, founded by former British Army Captain and ex-banker Jen Lothian alongside Co-founder and leading AI innovator Dr. Luke Hope, provides a single, instant gateway for accessing consumer financial data. The company addresses the significant pain points and inefficiencies businesses face when accessing data for critical processes such as mortgage applications, tackling a costly issue that frequently frustrates customers and results in lost business opportunities.
The timing of this investment aligns perfectly with year-end tax planning strategies. With December marking the final chance for individuals to maximise their calendar year tax benefits, the Angel Academe EIS Fund offers investors up to 30% income tax relief whilst supporting innovative female-led businesses.
The investment addresses the broader systemic challenges facing female entrepreneurs in the UK, where only 20% of businesses are female-led. The Angel Academe EIS fund represents a strategic commitment to addressing gender disparities in venture capital whilst providing investors with access to high-potential, diverse investment opportunities. It combines the tax advantages of EIS investment with the social impact of supporting underrepresented founders, creating a compelling proposition for socially conscious investors.
As the year draws to a close, this investment sets the stage for continued progress, positioning the Angel Academe EIS fund as a catalyst for change in the UK's investment ecosystem.
