QuoteOnSite secures £350k in equity seed funding from the Development Bank of Wales and Deri Green.
Swansea start-up QuoteOnSite secures seed capital from the Development Bank of Wales and Deri Green to scale its quote management platform.
QuoteOnSite provides quote management software that helps businesses improve visibility, traceability and analytics in their sales process.
Swansea-based quote management platform QuoteOnSite has secured £350k in an initial seed funding round. The investment comprises £200k from angel investor Deri Green and £150k from the Development Bank of Wales Technology Seed Fund.
The fresh capital will be used to expand the team following the hire of four initial staff members, alongside supporting user experience, research, software development, and sales and marketing initiatives.
Deri Green connected with the founders through Angels Invest Wales, the business angel network operated by the Development Bank of Wales.
From the founder
"The investment has enabled us to now work full-time on QuoteOnSite and grow a team around us tomake the product the best it can be. We’re now starting to get traction in the market with a solid sales and marketing strategy. Being located at the TechHub Swansea is allowing us to meet customers as well as providing a great working space. Having spent the last two years working on QuoteOnSite alongside full-time jobs and family life, Elaine and I are excited to be able to focus more fully on the business. We’re pleased our software and business plan have attracted the attention of venture capitalists and are delighted to have completed our first seed round."
TJ Amas
Co-founder at QuoteOnSite
Investor perspective
"QuoteOnSite is highly scalable and already has customers in multiple countries across the world. The investment will help the company as it refines its offering, ramps up marketing and brings on more employees. As a committed co-investor, we are looking forward to working with business angel Deri Green, who brings a wealth of experience in marketing and business strategy. Elaine and TJ have ambitious growth plans for QuoteOnSite which we are keen to support."
Alexander Leigh
Senior Investment Executive, Development Bank of Wales
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
- 04Invest in sales and marketing
Investors
Categories
About the company
QuoteOnSite
QuoteOnSite provides a platform that streamlines the quote management process for businesses.