Smedvig Capital leads £5m investment in Quill to support international growth and technology development.
"We are delighted to have the backing of Smedvig. Their investment represents a significant vote of confidence in Quill’s business model as well as the wider and fast emerging opportunity in content marketing. Their capital and expertise will allow us to invest significantly in the expansion of our operations, platform technology and talent."
The investment takes total funding to £1.2m and will be used to accelerate product development.
"We are very happy to have EC1 Capital on board. Winning our first VC investor is an important milestone for the company, and will help accelerate our product development."
The funding round was led by Leopard Rock Capital with participation from angel investors.
"A $30 billion market opportunity, the cloud offers tremendous growth opportunities for service providers that can scale, deploy and configure cloud services simply and cost effectively,"
The investment was led by Scottish Equity Partners to finance the creation of a combined document collaboration business.
"By joining forces with Workshare, we are uniquely positioned to help knowledge-based employees improve productivity, without sacrificing enterprise information security requirements. The investment will enable us to deliver on our plans for developing the most comprehensive, effective and secure collaboration platform on the market that integrates into existing productivity, document management and enterprise content management applications."