The funding was secured with support from Angel Investment Network to advance product and technology development.
"We’re obsessed with shoppers getting their best deal – whatever that means to them. We’ll achieve this by solving two fundamental issues in online shopping. Firstly, we want to give shoppers the complete view of all of their buying options so that they can make purchase decisions based on their values. Secondly, we’ll make it easier for shoppers to find new products whilst, in parallel, leveraging our two-sided marketplace to act as a conversion enabler to close the gap between shoppers and retailers with significant revenue upside and ability to scale."
The online ticketing platform has raised £750k in a seed follow-on round to scale its engineering and sales operations.
"This year has been a challenging one as a result of covid and restrictions placed on live events, however it has also encouraged the business to react and innovate. This initially allowed us to stabilise our revenue and has also unlocked a huge opportunity in online and hybrid events."
The funding round was led by NPIF, Maven Equity Finance with support from the Future Fund and Charles Sharland.
"Since bringing our product to market, we’ve seen an incredible demand for our services that has only accelerated, despite the current economic climate."
The late seed round included participation from TMT Investments, Force Over Mass, and angel investor Chris Adelsbach.
"As a second time entrepreneur myself, I experienced first-hand the complex, timely and often imbalanced nature of the old-school financing routes. I knew there was another way and so decided to build it. Our ambition is for Outfund to be the place to go to grow your business without compromising your equity or wasting time fundraising. This is why we have spent time developing a way to make the process of securing money for growth easier, fairer and most importantly, faster. Our approach has been warmly received by founders and directors alike and so now we’re looking at how we can open this up to more businesses and continue to be part of their journey to success for a long time."
Private angel investors associated with NorthInvest backed the property tech start-up in its latest funding round.
"C-Link has the potential to revolutionise the way developers, main contractors and subcontractors interact on projects.The construction industry desperately needs to improve the efficiencies in the procurement process. This is recognised at a government level and C-Link offers a sophisticated solution that has the potential to be universally adopted. I look forward to being part of C-Link’s progress and supporting the business moving forward."
