We've just raised $4.5M to help local businesses flourish

Today’s an exciting day for Fuzey – you may have already seen the news on TechCrunch, but we’re delighted to announce the completion of our $4.5M seed round.

Local businesses are the lifeblood of our economies, employing hundreds of millions, and providing many of the essential services on which we rely. Yet even as consumers and larger businesses embrace new innovations – more than 90% of SMEs continue to run (at least in part) on pen and paper, and too many small businesses have been left behind.

Metrics aside — this is a personal story. For years, Alex has helped his mom digitise her local skincare studio – moving from written diaries and manual bookkeeping, to managing her appointments, payments, and reviews online. Meanwhile, Henrik has witnessed his partner set up a dog grooming business and has seen first-hand the lack of “fit-for-purpose” tools for small businesses. These challenges affect those in our community, and those we love.

We founded Fuzey to keep local businesses in business – and ultimately grow, compete, and thrive. We do that by centralising critical customer-facing tasks to help manage messaging, appointments, reviews, and payments, so they can focus on what matters the most; their craft.

Pre-pandemic, it was clear that SMEs would benefit from digitisation, but the past 18 months have made this an imperative, ushering in a permanent shift in consumer behaviour.

Since founding the company late last year, we’ve spent time with plumbers in London, electricians in Chicago, and mechanics in Dublin – and we’ve seen first-hand the struggles local businesses encounter when engaging with their customers. In that time, we’ve also seen Fuzey help local businesses connect with their communities easier than ever before.

To our customers and those who have spent time with us: thank you so much for your faith in our product, and believing in us as we get off the ground.

As we embark on our next chapter, we’re delighted to have the support of world-class investors, including byFounders, Global Founders Capital, Ascension, as well as Stephane Kurgan (Venture Partner at Index Ventures) and Sheel Tyle (Founder and CEO of Amplo VC). In addition, we’re deeply grateful for the ongoing participation from Flash Ventures, who have been with us since day one.

We’re delighted to have the support of this group – and to welcome Sara and Lorenzo to our board.

Finally, without our tireless and brilliant team, Fuzey wouldn’t be where it is today – spread across three continents, but working as one. Thank you for all you do.

With this funding, we are ready to double down on our product and share it with more customers globally. This means we’ll continue to invest in what we’re building, cementing our position in our existing markets, and expanding further into North America.

We’re just getting started, and will continue to do everything in our power to ensure every small business has the right tools to succeed.

Onwards,

Henrik & Alex