theUp.co in a £7M investment deal backed by JamJar Investments and Jägermeister.

theUp.co, a London, UK-based company building a management platform for the hospitality industry, announced securing £7M ($9.3M) in funding.

The money was raised from investors including JamJar Investments, Jägermeister and the former Monzo CEO, Tom Blomfield.

The proceeds will be used for expansion across UK and Europe, to make new hires and build a new app to launch in 2022.

theUp, founded in 2017 by Hugo Tilmouth and Charlie Baron, 27, developed and runs three operations - a phone charging network ChargedUp, venue operator platform and mobile order and pay app, ServedUp and hand sanitiser station network CleanedUp.