Caura
The payment platform for car to manage parking, tolls, congestion charge, MOTs, vehicle tax, and insurance.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | £4.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 48 % | 15 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Caura is a UK-based financial technology company established in 2018 by Dr. Sai Lakshmi, who serves as the CEO. Dr. Lakshmi's previous experience includes co-founding the medication management service Echo, which was later acquired by LloydsPharmacy, providing him with a foundation in creating applications to simplify complex regulated tasks. This background directly informs Caura's mission to streamline the administrative burdens associated with car ownership.
The company operates in the automotive and fintech sectors, offering a mobile application designed to consolidate all aspects of car management into a single platform. Caura's target clients are individual car owners in the United Kingdom. The business model appears to be multifaceted, generating revenue through commissions on services facilitated through the app, such as insurance policies and vehicle maintenance bookings. A key partnership with MoneySuperMarket enables users to access competitive car insurance quotes directly within the application.
The Caura application, available on iOS and Android, allows users to manage their vehicles by simply entering a registration number. Its core functionalities include reminders for MOT, tax, and insurance renewals, thereby helping motorists avoid fines. Users can pay for vehicle tax and various city and airport charges, including London's Congestion Charge, ULEZ, and Clean Air Zones across the UK, directly through the app. Furthermore, the platform facilitates the booking of MOTs and maintenance services at a network of over 6,000 garages. All payments and documentation are stored digitally within the app, providing a centralized record for the user.
The company's development has been supported by significant investment. After an initial pre-seed round, Caura secured a $4.2 million seed funding round in 2021, with participation from investors like InMotion Ventures (the venture capital arm of Jaguar Land Rover) and TwinFocus. In 2023, the firm received an additional £4 million from Lloyds Banking Group, solidifying its financial position and strategic partnerships.
Keywords: car management, vehicle administration, fintech, automotive app, MOT reminders, car tax payment, insurance marketplace, ULEZ payment, vehicle maintenance, car ownership