Penelope Garden (Partner and Head of Private Equity and Venture Capital team) and Lauren Lashley (Solicitor) have advised British Business Bank’s South West Investment Fund, via appointed Fund Manager The FSE Group on its £350,000 investment into Distil.ai as part of a £1m funding round that also includes investment from Waterspring Ventures and which will be used to expand the hospitality data capabilities of the company’s platform.
Distil.ai is an AI-driven data and analytics platform that has carved a niche in transforming raw data into actionable business intelligence, with a particular focus on the restaurant and hospitality sectors.
Its scalable platform leverages AI to deliver powerful data insights, significantly boosting returns through operations, marketing effectiveness and customer relationship management. The Exeter-based company collaborates with OpenTable, the world’s largest restaurant booking platform, as well as other platforms, to unlock operational efficiencies.
The funding will fuel Distil’s ambitious growth plans, enhancing its team and advancing platform development including the addition of multi-language capabilities, ahead of a planned Series A funding round.
Meg Salt, Investment Manager at The FSE Group, commented: “With its scalable technology and strong foothold in the restaurant sector, Distil.ai is a compelling investment opportunity. The company’s unique access to OpenTable data, along with its credible management team, make it an exciting proposition. Distil is well-positioned to achieve significant growth and we are delighted to be supporting them on this journey.”
