The funding follows mentorship and guidance from Dorset Business Angels.
"Wriggle gave an excellent presentation and generated interest from approximately 7 investors at the meeting who were keen to find out more. We then met the very capable team at Wriggle, looked at their product and business plan in greater depth, reviewing forecasts and other financial information and data. I did this along with fellow investors, David Ford from Bright Blue Day and DBA guest Anthony Storey, Director of Silicon South."
The investment from Konrad Litwin and Finance Wales values the polling platform at £1m.
"This passionate management team are disrupting a niche that has become a vital but rarely welcome part of online life and transformed it into a dynamic feedback experience for both sides."
The funding package comprises equity from MMC Ventures and debt from Clydesdale & Yorkshire Bank.
"One of the key reasons our customers opt to deploy the Invenias platform is because of our strategy of continuous innovation. We have seen tremendous demand for our software in the North American market in the last 12 months, with prestigious firms such as ON Partners in Boston, The Toft Group in San Diego and Conroy Ross Partners across Canada, all choosing to run their business on Invenias. This funding package will enable us to meet our growth ambitions as it will empower us to invest in our platform, our infrastructure and scale with our customers."
The round was led by Indian members of the Cross Border Angels network.
"It was great working with Cross Border Angels on this round as we got access to Smart capital through their network, which is critical for us at this stage. These international investors will help us to leverage on their network, thus helping our venture roll out in the Indian subcontinent, one of the key focus geographies for Claned in 2016."
