Webmoco secures £680k from Midven to drive product development and growth.
Midven's Exceed Fund backs Leamington Spa-based software provider Webmoco in a multi-tranche deal.
Share allotment filed at Companies House
Leamington Spa-based Webmoco provides software, web and mobile development services alongside a multi-platform electronic reporting SaaS product.
Leamington Spa-based Webmoco has secured £680k in funding from venture capital firm Midven to accelerate product development and support business growth.
The investment, delivered through Midven's Exceed Fund across three tranches, will support the expansion of the company's electronic reporting software platform, which helps large organisations streamline management and operational processes.
Webmoco was founded in 2010 by Matthew Pearson and Carl Berisford-Murray, and its client roster includes H Samuel, the Royal Horticultural Society and the RSPCA.
From the founder
"Though we have made substantial progress in developing the software product, we are now keen to move at a pace which suits our ambitions, and this funding is necessary to help us do that. The software platform has many benefits improving efficiency and transparency, and can be used across all devices and is intended to replace paper-based systems."
Matthew Pearson
Co-founder at Webmoco
Investor perspective
"Webmoco has been making excellent progress with the software product and it is now gaining traction. It is highly scalable and the target market is significantly large, we are confident they will realise the potential and rapidly grow the business."
John Slaughter
Investment Executive, Midven
Use of funds
- 01Continue product development
- 02Fund the next phase of growth
