Angels Den Tech Club invests six-figure sum in Intelligent Positioning
Funding of UK search engine optimisation company marks first software as a service deal
Angel co-investment fund Angels Den Tech Club, has made its first software as a service (SaaS) deal investing a six-figure sum in Intelligent Positioning.
Founded in 2007, the Brighton-based company provides a global search engine optimisation (SEO) platform alongside data analytics and app development services to clients such as Siemens and Sky.
Tech Club, a division of Angel’s Den, focuses on high-growth, enterprise investment scheme (EIS) eligible, technology start-ups looking for £100,000 to £700,000.
Investors meet monthly in London to consider pitches. Members of the 111-strong group felt the SEO business’ success to date and the potential of the industry, which by 2016 is predicted to market globally at $1.6bn, made it stand out.
CEO of Intelligent Positioning, Gary Titterton commented on winning the investment: “The Angels Den investors bring more than capital, they contribute with vast experience and intellect. This combination makes for extremely exciting times for Intelligent Positioning.”
Chris Wheatcroft who manages the Angels Den Tech Club added: “It’s exciting times for the Tech Club as we continue to meet with a growing number of innovative technology companies keen to take their business to the next level with the help of experienced angel Investors.
“At a time when bank finance is increasingly difficult to obtain, our investors continue to work with selected businesses, providing the capital and hands on support enabling them to grow and develop.”