Verticly raises over €1m to fund international expansion.
The funding round was backed by Northstar Ventures, PJ Tech, and angel investors.
≈ £801K at €1 = £0.8007 on 1 Apr 2016
Verticly builds technology designed to help brands engage with consumers across both digital and physical channels. The startup maintains operations in London and Newcastle.
Verticly has secured over €1m in funding from Northstar Ventures, PJ Tech, and a group of angel investors to drive its international expansion. The capital will support the growth of the company office in Newcastle using resources from the Finance for Business North East Accelerator Fund, alongside the establishment of an engineering and data science hub in Greece backed by PJ Tech Catalyst's Fund.
Northstar Ventures, an existing backer of the startup, reinforced its long-term commitment to the business. Meanwhile, PJ Tech noted the strength of the founding team and the strategic value of the Greek developer hub as drivers for its investment.
Investor perspective
"Verticly is going from strength to strength and the latest investment round will enable it to continue to grow its operations both in Europe and further afield."
Rick Charnley
Investment Manager, Northstar
Use of funds
- 01Expand into international markets
