Simply Do Ideas raises £550k from angel investors and the Development Bank of Wales to expand market share.
The funding round was led by Chairman Ashley Cooper and will support the company in scaling its innovation platforms.
Simply Do Ideas provides cloud software to help organisations develop, test and execute early stage concepts. The company works with clients across education, finance and government.
Cardiff based education technology firm Simply Do Ideas has raised £550k in a new funding round to expand its market presence. The capital was secured from a syndicate of angel investors led by Chairman Ashley Cooper, alongside the Development Bank of Wales.
Founded in 2015, the company has built cloud platforms designed to help businesses and educational institutions capture and evaluate new ideas. The fresh funds will support the firm as it scales its operations and builds on previous backing from programmes such as Entrepreneurial Spark.
From the founder
"We are now in a world where it is crucial to have a creative and innovative mindset. Our technology is unlocking the entrepreneurial behaviours of individuals, organisations and communities by digitally bringing people together. This opens up access to previously untapped resources, ideas and solutions while seamlessly bridging the gap between industry and academia."
Lee Sharma
Founder at Simply Do Ideas
Investor perspective
"Innovation and entrepreneurship are fundamental to the success of any economy. Being able to capture ideas in a cross-stakeholder collaborative fashion and then to "crowdsource" the solution allows businesses to grow at an increased rate. The Simply Do Ideas product is a brilliant tool to stimulate and manage this innovation activity."
Ashley Cooper
Incoming Chairman, Ashley Cooper
Use of funds
- 01Expand into international markets
Investors
Ashley Cooper
Ashley Cooper
Carmine Circelli
Development Bank of Wales
Philip Roberts
Andrew Diplock
Gruff Dodd
Sunnybarn Investments
Pragmatica
Categories
About the company
Simply Do Ideas
Simply Do Ideas provides cloud software to help organisations test and develop early stage concepts.