Collabor8Online raises £150k seed investment from Maven Capital Partners
Maven Capital Partners has backed Manchester-based Collabor8Online with £150k to scale its team and product offerings.
Collabor8Online provides a cloud-based project management and file sharing software designed for businesses of various sizes. The platform allows users to manage files, tasks, and projects online without requiring specialist IT expertise.
Manchester-based project management software provider Collabor8Online has secured £150k in seed funding from Maven Capital Partners through the Northern Powerhouse Investment Fund.
The capital will be directed towards product development, scaling the senior management and sales teams, and executing targeted marketing campaigns to increase market penetration in sectors such as construction.
Maven Capital Partners led the investment to support the company through its next phase of growth following successful client adoption.
From the founder
"This investment gives us a fantastic opportunity to expand and further develop our business. Our product is ideally placed to meet the needs of businesses who are looking to share and manage their documentation more securely. We look forward to meeting the needs of an ever-growing market sector"
Colin Barnes
Founder at Collabor8Online
Investor perspective
"We are pleased to be able to support Colin and Stephen in the next stage of Collabor8’s development. The impressive client wins achieved to date demonstrate the need for the Collabor8 product, and we expect the enlarged team that this investment will finance will deliver on the significant potential for growth that we believe exists. We look forward to working with Colin and Stephen to assist with achieving this."
Dave Furlong
Investment Director, Maven Capital Partners
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
