Scoota raises £2m in growth funding led by Notion Capital for US expansion
The London-based digital branding platform secured £2m from Notion Capital, Angel CoFund, and VentureFounders.
Scoota provides automated digital branding technology designed to streamline omni-channel campaigns and manage advertising fraud. The firm operates offices in London and New York.
London-based digital branding firm Scoota has secured £2m in a growth funding round led by Notion Capital, with participation from the Angel CoFund, VentureFounders, and angel investors. The fresh capital will be deployed to accelerate the company footprint in the US market throughout late 2020 and early 2021. The raise highlights continued confidence in the company technology stack, which integrates real-time fraud management with creative programmatic trading capabilities.
From the founder
"Many years ago we set out to build a platform that would empower programmatic digital trading with levels of creativity not otherwise seen, while baking in as automated features, optimum solutions for real-time fraud management. It has taken a long time but we are truly excited to now be in market with what many say is a game-changing offering. Being able to close a round at this particular time is a testament to that technology offering and the belief shown by existing and new investors alike. I am also thrilled to welcome the Angel CoFund to the business."
James Booth
Founder & CEO at Scoota
Investor perspective
"Omni-channel marketing has been a growth market over the past few years but Scoota has done especially well by identifying a gap in the market and creating its own technology for multimedia digital marketing. Its technology has allowed it to capture market share and grow, even under these difficult market conditions, and it is exciting to see the company take this funding to expand into the US, which has already proved to be fertile ground for the business."
Tim Mills
managing partner, Angel CoFund
Use of funds
- 01Expand into international markets
