Silicon Valley Bank provided the venture debt financing to support the company as it targets further growth.
"Arctic Shores is an exciting Manchester-based innovation company, and it has been great to be able to support them on their impressive journey of rapid growth. We look forward to a continued partnership with the team as they look to scale further."
Atalaya Capital Management provided the debt and equity funding package to support growth in the United States.
"To have secured another landmark amount during one of the worst slow downs in travel history after it ground to a halt is testament to the efforts of the whole team."
The revolving lending facility from Silicon Valley Bank and NPIF Maven Equity Finance will fund international expansion and job creation.
"Silicon Valley Bank and NPIF -Maven’s support comes at a pivotal time for our business. The strides we have made in the digital adoption market over the last three years has placed AppLearn on the cusp of transformative growth. This funding now enables us to put in place the foundations to fuel our ambitious international strategy and growth plans."
The online marketplace has raised venture debt to expand its Sell Your Car service into international markets.
"With some fabulous results and learnings in the UK, the company has started its testing in Germany. Ultimately our aims are global – just like the rest of the business,"
The funding was provided by NPIF - Mercia Equity Finance to help the hospitality software firm meet post-lockdown demand.
"The past year has been one of the most difficult in living memory for hospitality operators and we have done all we can to help them survive. However, there is now a strong sense of optimism and operators are expecting a boom in business. The funding will help us to further develop the products and take advantage of the opportunities ahead."