Lloyds Banking Group: Invests in Ocula Technologies
- Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009
- 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
- Ocula’s software platform enables companies to make smarter, AI-driven decisions, and compete with market leaders
- Ocula has worked with UK retailers such as Hornby Hobbies and AO World to assess and enhance their ecommerce
- Among Ocula’s most high-profile clients is American football team, the Kansas City Chiefs