Automotive pricing platform secures seed stage support with London investment firm
An automotive price analytics firm has partnered with London based Pario Ventures for initial investment and seed stage support.
Brego is an Automotive AI price analytics platform that provides pricing, valuations and depreciation of consumers and businesses vehicles.
Brego has a targeted revenue in excess of £2m over the next 18 months. Pario Investments involvement and the seed round activities seek to accelerate Brego’s development and advance its UK market potential through an expansion of distribution channels and a sales and marketing spend.
Simon Hunt, co-founder of Brego, said: “It’s great to have Pario Ventures onboard and engaged in helping us get to market and expand our opportunities and help us become the go-to price analytics service in the UK.”
Phillip Hunt, co-founder of Brego, said: “We have worked hard on the platform and are ready to take the next step into growing the business and our client base”
David Murray-Hundley, co-founder of Pario Ventures said: “I actually first spoke to the Brego founders during lockdown in May 2020. A mutual contact Matt Stone kept me informed of progress they were making and I was impressed when we spoke again in the summer about the progress made.
“The product is very much one to annoy the establishment and I am excited that we get to add to our Automotive portfolio at Pario with a company in five to ten years time that will reward all involved.
“Pario Ventures recognises that at this stage, a lot more than cash only is needed and a long term partnership to help take a company from seed stage to that growth series B stage is needed.”
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