REG-Castelnau Group Ltd: Further investment in Ocula Technologies Holdings Ltd

CastelnauAnnouncement

04/11/2022 07:15

4th November 2022

Castelnau Group Limited
(”Castelnau” or the “Company”)

Further investment in Ocula Technologies Holdings Ltd

Castelnau Group Limited, an investment company established to invest in public
and private companies with the aim of outperforming the FTSE All Share Total
Return Index over the long term, is pleased to announce that it has made a
further investment in Ocula Technologies Holdings Ltd (“Ocula”), a data
sciences business in which it owns a majority stake.

Ocula was founded in 2021 with Castelnau investing alongside its co-founders:
Thomas McKenna (previously of Bain and Dunnhumby) and Dr Gregory Fletcher
(previously Chief Data Scientist at Deloitte) who have developed SaaS insight
platforms for numerous global retailers and CPG’s. They are joined by
co-founder and serial tech entrepreneur Gerry Buggy."

Further information on Ocula can be found on its website (https://ocula.tech/)

The additional investment of approximately £700,000 is part of a proposed
additional funding round which it is hoped will see new, third-party investors
become part owners of Ocula alongside Castelnau and Ocula’s founders and
employees.

We are pleased to report that Ocula have signed their first external contracts
with two major clients: one based in the UK and one in the US. We congratulate
the Company on this significant milestone.

Graham Shircore, CEO for Castelnau at the investment manager (Phoenix Asset
Management) said, “The team at Ocula have not only built some impressive
tools to help businesses better serve their customers, they have also managed
the difficult journey from start-up to revenue generation extremely rapidly
and well.

“We are delighted to take part in this additional funding of the business
which we believe will allow Ocula to take further steps on the path to being a
sizeable and highly profitable business in the data sciences arena.”

Further information on the Company can be found on its website
(http://www.castelnaugroup.com/)

Castelnau Group

Graham Shircore
info@castelnaugroup.com
 

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+44 (0) 20 3100 2000

Darren Vickers/Owen Matthews/Will King

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+44 (0) 20 7638 9571

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