UK software start-up Adventoris completes £600,000 funding round led by the Angel CoFund
Investment to support ‘revolutionary’ product launch of cloud-based platform
Software development company Adventoris has raised £600,000 in a deal led by government-backed investment scheme Angel CoFund and a number of private investors, including Peter Armitage, partner at private equity firm Key Capital Partners.
Founded in 2012, the Huddersfield-based technology start-up is in the process of developing an online cloud-focused software platform, SwiftCloud, which it plans to launch in November as a Software as a Service (SaaS) and as an app for tablet and smartphone devices.
It intends to utilise the new finance to complete the final stages of development and take its groundbreaking product to market across the UK.
The round is one of many recent deals led by the Angel CoFund which co-invested £400,000 in web-marketing company 4th Aspect last week.
James Clarkson, CEO and co-founder of Adventoris, commented: “This funding represents a major milestone for Adventoris. It’s a resoundingly positive endorsement of the opportunity we have identified – and the team we have built.”
George Whitehead, Angel CoFund chairman, added: “By investing alongside business angels into small and medium businesses from across the UK, our goal is to both support angel investment, and to ensure that money gets to good, scalable businesses. We’re very excited about this investment, and look forward to watching the successful launch of SwiftCloud in November, and beyond.”