REG-Castelnau Group Ltd: Lloyds BG investment in Ocula Technologies Holdings Ltd

CastelnauAnnouncement

06/03/2023 07:15

6 March 2023

Castelnau Group Limited

(“Castelnau” or “The Company”)

Lloyds Banking Group investment in Ocula Technologies Holdings Ltd

Castelnau Group Limited is pleased to announce that Ocula Technologies
Holdings Ltd (“Ocula”), the data science business in which it is a
founding shareholder, has today confirmed that it has received new investment
from Lloyds Banking Group and their Fintech Investment Team.

Lloyds Banking Group’s investment is in the form of new equity capital and
completes the funding round previously announced in November 2022.   Less
than two years since its formation, it values Ocula on a post new money basis
at £10 million.

Graham Shircore, CEO of Castelnau said: “This is a major milestone for Ocula
and testament not only to the hard work of the entire team, but also to the
clear benefit which Ocula’s products can bring to their clients. It is also
a textbook example of how Castelnau’s long-term, supportive approach to
building great businesses can help them flourish and develop.

“The amount of investor interest that Ocula has received in recent months
has been extremely encouraging and we are excited to welcome Lloyds Banking
Group not only as a shareholder in Ocula but also as a partner whose reach and
expertise will be of major benefit to the business as it continues to scale-up
its operations.”

Thomas McKenna, CEO of Ocula, added: “This funding will enable us to fuel
our ambitious future development and client plans for our two insight modules,
Ocula Boost and Price Optimisation. We look forward to further building on our
recent success with cornerstone clients such as the Kansas City Chiefs and
AO.”

Ocula’s software platform enables companies to make smarter, AI driven
decisions. Ocula’s insight modules are helping major retailers, brands and
sports teams in the UK and North America optimise their ecommerce experience
and compete more effectively on pricing.  Ocula’s customers include
Castelnau portfolio companies Hornby Hobbies and Cambium Group, as well as AO
and the Kansas City Chiefs amongst others.

Castelnau was a founding shareholder in Ocula when it was formed in 2021. It
was founded by serial tech entrepreneur Gerry Buggy, Thomas McKenna
(previously of Bain and Dunnhumby) and Dr Gregory Fletcher (previously Chief
Data Scientist at Deloitte) bringing together vast experience of the industry,
software development and scaling start-ups.  Their vision is to democratise
AI and generate transformative insights for clients though their intelligence
platforms.

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

Castelnau Group
Graham Shircore
info@castelnaugroup.com

Liberum Capital Limited
+44 (0) 20 3100 2000
Darren Vickers/Owen Matthews/Will King

Citigate Dewe Rogerson
+44 (0) 20 7638 9571
Caroline Merrell/Toby Moore/Sheena Munsami



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