Member Article

Liverpool-based Dipstix raises £300k via crowdfunding

Liverpool’s Dipstix, an MOT, servicing and vehicle repair comparison website has reached its investment target of £300k, enabling the business to grow into a national brand.

Founded by the former UK sales director of Just-Eat, David Cederholm, Dipstix was launched in 2013 to introduce transparency and fairness to the motor servicing industry.

Promoted in part by Dipstix’s social media channels, investments to the campaign – hosted by crowdfunding website ‘Seedrs’ – were pledged by U.K. supporters and overseas investors.

Investors from across the country backed the campaign with much support being traced back to the North-West and London, while international contributions came from as far afield as Scandinavia and Germany.

This news follows the launch of two new products, ‘Dipstix Rescue’, an independent roadside recovery service, in-line to rival national competitors, and ‘Dipstix SurePass’, a new way to protect a customer’s vehicle against any MOT repairs.

Dipstix will also be launching two new products in the New Year, ‘Dipstix Total Care’ and Dipstix Dealers.

Managing director of Dipstix, David Cederholm, said “We’re delighted with the success of our crowdfunding campaign and thankful to everyone who supported our vision.

“Dipstix is changing the face of vehicle maintenance for motorists across the country and this investment will enable us to expand nationally.

“Dipstix is saving motorists time and money by connecting them with the UK’s most trusted, independent garages – as well as reminding drivers when important maintenance is due.

“It’s going to be a very exciting journey for us and we’re thrilled to be moving up a gear!”

This was posted in Bdaily's Members' News section by Sophia Taha .