London, 12 June 2025 – Jenson Ventures is delighted to announce the exit of its SEIS & EIS Funds investments in Cocoon Card Limited, following the company’s acquisition by leading automotive payments provider Bumper.
Originally backed by Jenson’s SEIS Fund, Cocoon has evolved over a period of 6 years into an enterprise-grade payment platform delivering Open Banking capabilities, card payment processing, and integrations with dealer management systems to clients across the UK. This evolution has enabled Cocoon to carve out a strong niche in the UK automotive retail sector.
Today, Cocoon’s technology is used by over 20% of the UK’s largest automotive retailers. Increased competition prompted a strategic review, culminating in Bumper’s acquisition to supercharge Cocoon’s growth and product capabilities.
The acquisition allows Cocoon to leverage Bumper’s extensive dealer network, resources, and infrastructure – positioning the combined entity to become Europe’s leading automotive payments platform.
Sarah Barber, Managing Partner at Jenson Ventures, said: “Cocoon’s exit marks another significant milestone for our funds. We backed the business early in its journey, and this outcome is a testament to the founders’ ability to pivot, refine their proposition, and ultimately align with a strategic acquirer. We’re thrilled to see Cocoon join forces with Bumper and look forward to seeing what the team accomplishes next.”
Sam Meekins, Co-founder of Cocoon, who joins the Bumper team as part of the acquisition, added: “We are really excited to be joining the Bumper team. We want to say a massive thank you to everyone who’s helped us get Cocoon to where it is today. As a result of everyone’s efforts, Cocoon is now used by over 20% of the largest automotive retailers in the UK. Joining forces with the Bumper team means we can accelerate product innovation and deliver even more value to both our existing and prospective customers. The work the Bumper team has done so far has been seriously impressive. We can’t wait to dive in and help build Europe’s #1 automotive payments platform.”
This exit represents the 12th successful realisation across Jenson’s early-stage portfolio and continues to underscore the firm’s commitment to backing innovative, high-growth UK companies through both SEIS and EIS funding strategies.