The Greater Manchester Combined Authority funds the Co Angel Investment service to facilitate early stage deal investments for local businesses.
Portfolio
8
companies
B-North
B-North is building a regional SME lending bank for the United Kingdom.
BankiFi
BankiFi supplies embedded banking and open cash management technology for small and medium businesses.
Immersify Education
Immersify Education develops interactive learning tools for university students.
Mojo-CX
Mojo-CX develops artificial intelligence tools to analyse and improve customer service conversations.
My First Five Years
A parenting app that helps families track and understand early childhood development.
Shopblocks
Shopblocks provides a flexible website and online shop solution for small businesses.
David Molyneux
GMCA lead for Resources and Investment
The funding round was backed by Mercia Ventures alongside regional funds and private investors to support global market expansion.
"With Symphony Commerce, we’re empowering our clients to outpace their competition with agility and precision, ensuring they remain leaders in their industries. This investment allows us to scale faster, expand our team, and deliver a superior customer experience."
The funding round was led by NPIF II, Praetura Equity Finance and will support technology development and team expansion.
"We’re absolutely thrilled to receive this investment from NPIF II – Praetura, as well as River Capital, Foresight, the Greater Manchester Combined Authority and MEIF, which will be instrumental in driving the next stage of growth for Mojo-CX. With this new injection of capital and ideas, MOJO-CX will accelerate our vision of redefining customer contact, for customers, for brands and for employees through the use of AI. As a proud northerner, this funding also allows us to deepen our commitment to the region by creating high-quality jobs and fostering a thriving tech community here in the North West. This is a pivotal moment for MOJO as a business and for the contact centre market, and I can’t wait to see what we can achieve in this space."
The investment was backed by Mercia and Greater Manchester Combined Authority to help the firm scale its enterprise client base.
"Around 40 per cent of brands with a B2B-focus have still not adopted ecommerce, largely because of the challenge of transferring their business model online. Many companies who come to us do so on the back of a two-year failed attempt to launch a store fit for their business. Shopblocks offers a solution. The funding will help us attract more ‘enterprise’ clients and support our goal to become a £50m turnover business."
The funding round was led by Praetura Ventures to support the company's global expansion.
"With investments into technology companies starting to slow, this is a huge endorsement from our investors that proves we’re doing the right things as a business at BankiFi,"
The Manchester based educational technology start-up secured the capital from Greater Manchester Combined Authority and five regional private investors.
"We’re thrilled to have secured the funding which will allow us to continue operating for at least the next 15 months. We’ve got ambitious targets for growth, including content and app development, and this funding is vital to helping us in the next stage of our journey."
