The edtech platform has raised £250k from NPIF - Mercia Equity Finance to scale its visual learning software internationally.
"Talk is the link between thinking and writing – if a child can’t say it, they can’t write it. Chatta creates opportunities to share stories and conversations within families and in schools. It gives children the confidence to speak to any audience and enhance their writing and vocabulary. In some cases parents tell us they’ve never before seen their child so strongly engaged with learning."
The investment includes £750k from NPIF - Mercia Equity Finance alongside contributions from private backers.
"We’re pleased to receive support from the Northern Powerhouse Investment Fund as well as adding some great new non-executive expertise to our board. The funding will allow us to invest further in product development to scale our matchmaking platform and our Discover product, in line with our vision of connecting university research with companies around the world to positively impact on society."
The funding round was led by NPIF - Mercia Equity Finance to support the growth of the Netacea cyber security division.
"Following previous funding rounds from Mercia, Intechnica is now well-positioned for growth. This latest round will support further development of its consultancy work and the launch of its new DSaaS line of business, offering market-leading expertise in this emerging field."
The financing marks the single largest investment completed by the Northern Powerhouse Investment Fund to date.
"Azzure IT’s success is due to its focus on service, quality and the ability to deliver real-world solutions to meet its clients’ challenges. Founded in the last economic downturn, the company itself used technology to take on emerging market challenges and to thrive and grow. Its goal is to support other growing businesses to achieve digital transformation. The funding will allow the business to scale up to meet growing demand and create 12 new jobs in Yorkshire."