The equity funding will be used to build scanning units and advance the digitisation of archived media.
"At present, nobody fully knows what is there and people are even scared to open old film reels in case they get damaged. Our cost-effective technology can bring millions of forgotten or unseen moments into light, searchable by anyone on any device. Previously we were just thinking in terms of saving archive footage. However, having vast amounts of content without the ability to search it and scrutinise it is almost useless. Now we have a much more in-depth process which in turn makes it usable and more valuable. The potential is limitless, and it could be very personal. For example, in terms of genealogy imagine you could search for footage of war from the place and time where your ancestor served, or find a gig your parents went to decades ago."
The online marketplace raised the capital to recruit more customers and scale its vendor platform globally.
"Envestors members immediately saw the opportunity of applying a successful distribution channel to a high-margin sector lacking a dedicated jewellery marketplace."
Sussex Place Ventures has backed the professional services automation provider in an equity financing round.
"We were really pleased to work with Sussex Place Ventures on their latest investment, which will be invaluable in helping Kimble Applications realise their ambitious growth plans. We are seeing a lot of interest from investors in SaaS platforms that can drive efficiencies in industries such as financial and professional services, and we wish the Kimble team every success as they seek to scale the business further."
