NEL Fund Managers is a regional fund management firm that operates the North East Small Loan Fund to support smaller businesses in Tyne and Wear, Durham and Northumberland.
Portfolio
2
companies
Mesma
Mesma provides quality assurance and improvement software for the education sector.
Papillon Translations
Papillon Translations provides human translation services and museum tour software.
The Sunderland-based software developer has raised six figures from NEL Fund Managers to expand its client base and drive product development.
"In normal times, we spend a lot of time travelling round the country to see clients, but when this no longer became possible due to the pandemic, we’ve had the time to review our strategic development needs and focus on where we want the business to go."
The Newcastle-based translation service raised the funds from NEL Fund Managers to drive marketing activity for its new visitor app.
"We’ve spent a lot of time ensuring that the app is fully fit for purpose and now have a fantastic product that will make a real difference to the user experiences that museums and other such venues can offer their visitors."