Trampoline Systems gains £3m
The London-based software company gains backing from the Tudor Group
Software company Trampoline Systems has gained £3m of funding from the Tudor Group.
The London-based company, formed in 2003 by Charles Armstrong, makes products designed to improve computer networks and use information more efficiently.
“Securing funding from an investor of Tudor’s stature is a big milestone in establishing Trampoline as a new force in enterprise software,” Armstrong said.
“As a start-up, part of our strength has been realising when we needed to learn something and seizing opportunities to fill the gaps.
The company’s road to investment began when it joined the g2i investment readiness programme.
The deal sets a new record for g2i as previously the largest deal to emanate from its help was £2m.
“The g2i initiative has been a great source of advice and support to Trampoline and I strongly recommend its services to budding technology entrepreneurs,” Armstrong added.
Simon Littlewood, manager of the g2i programme, said: “Completion of a fundraising on this scale is not only a major success for Trampoline but also excellent news for us as it represents another large investment in a g2i company following our launch in September 2005.
“The size of the deals now coming to fruition shows the effectiveness of the g2i approach to supporting entrepreneurs, not only with business expertise but also by unlocking the door to the professional investment community.”
© Crimson Business Ltd. 2007