Naurt secures £500k pre-seed funding to expand operations and grow its customer base.
The Brighton startup has completed its first round of funding, which was oversubscribed by 145%.
Naurt builds a high-precision, beacon-free tracking toolkit designed to overcome the limitations of standard GPS technology. The Brighton-based firm provides a hardware-agnostic API with applications across industries ranging from tourism to telecommunications.
Brighton-based tracking technology firm Naurt has secured £500k in pre-seed funding to support its operational expansion. The round was oversubscribed by 145% as investors backed the company to develop its high-precision location toolkit.
Chief executive Jack Maddalena intends to deploy the new capital to broaden the firm's customer base. The company currently employs a staff of seven and serves enterprise clients including Tui, Sofology, and Etisalat.
From the founder
"As this is our first investment journey, it’s been a steep learning curve. This has been a great exercise in retrospection, holding a mirror up to our company. We’ve met plenty of great people and explored more interesting concepts and ideas than we can count. It’s been a fantastic way for us to refine our strategy with regards to the market. We’re glad to have such impactful investors on board our team to help us get to the next level and make Naurt the next GPS."
Jack Maddalena
CEO at Naurt
Use of funds
- 01Scale operations
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About the company
Naurt
Naurt develops a plug-and-play tracking toolkit to provide high-precision location data.