10ACIA raises £500k from an angel investor to expand its regional property development projects.
The North West property firm secured the angel investment via the Northwest Business Angels network.
10ACIA is a property development firm based in the North West of England. The company manages design, renovation, and construction projects across Lancashire, Cheshire, and Greater Manchester.
10ACIA has secured £500k in angel funding to support its regional property development and renovation activities. The capital was arranged through the Northwest Business Angels network and will enable the company to run multiple building projects at the same time.
Founded in 2013, the Lancashire and Cheshire based firm previously relied on sequential project funding. The new injection of capital provides an alternative to traditional bank lending, offering the flexibility required to accelerate regional expansion and handle several developments simultaneously.
From the founder
"In the early stages, I had exchanged all my money for bricks and mortar and could only fund one project at a time,"
David Price
Founder at 10ACIA
Use of funds
- 01Scale operations