What is Raylo?
Founded in 2019, Raylo operates at the intersection of fintech and the circular economy. The company provides a specialized infrastructure layer that allows electronics brands to offer subscription-based access to their products. By managing the complexities of credit risk, device lifecycle, and capital stack financing, Raylo empowers manufacturers to move beyond transactional sales toward recurring revenue models. This strategic pivot not only enhances customer loyalty but also addresses the growing demand for sustainable, flexible technology consumption in both consumer and enterprise sectors.
How much funding has Raylo raised?
Raylo has raised a total of $385.4M across 9 funding rounds:
Other Financing Round
$1.9M
Debt
$13M
Series A
$11.5M
Unspecified
$7.7M
Other Financing Round
$136M
Other Financing Round
$6.5M
Debt
$167.5M
Private Equity
$13.8M
Debt
$27.6M
Other Financing Round (2019): $1.9M with participation from James Meekings, Techstart Ventures, and Samir Desai
Debt (2020): $13M led by Avellinia Capital LTD and Clerville Investment Management LLP
Series A (2021): $11.5M supported by Octopus Ventures
Unspecified (2022): $7.7M featuring Telefónica
Other Financing Round (2023): $136M backed by Quilam Capital and NatWest Group
Other Financing Round (2023): $6.5M with participation from Channel 4 Ventures and Macquarie
Debt (2024): $167.5M led by Quilam Capital and National Westminster Bank
Private Equity (2026): $13.8M supported by Citi
Debt (2026): $27.6M featuring NatWest Group
Key Investors in Raylo
Quilam Capital
A specialist growth investor and senior debt provider focused on the Specialty and Alternative Finance market, offering flexible capital solutions to support entrepreneurs.
Octopus Ventures
A founder-focused venture capital firm that backs mission-driven companies across software, climate, health, and financial technology sectors.
Macquarie
A global financial services group providing comprehensive asset management, leasing, and specialized advisory services across 33 markets.
What's next for Raylo?
With the recent infusion of capital, Raylo is positioned to scale its enterprise-level operations and further refine its financing engine. The company is expected to leverage these resources to expand its footprint in international markets, deepening its integration with major electronics retailers and manufacturers. As the circular economy gains momentum, Raylo's ability to provide a seamless, technology-driven subscription experience will likely serve as a primary catalyst for its continued growth and market dominance in the device-as-a-service landscape.
See full Raylo company page
