Edinburgh-based app developer, Neatebox, has secured a significant amount of funding from business angel syndicate Equity Gap and Scottish Enterprise.
Advised in the investment round by Scottish law firm Harper Macleod along with angel investor and Neatebox chair, Evelyn Simpson, the company raised more than £180,000 from investors.
A second portion of funding will follow later in the year, which will take the overall investment to roughly £300,000. The company has enjoyed good growth since it was founded, and its Welcome App, which provides businesses and venues with advance notice of customers’ with disability requirements, has won a number of accolades.
The company will use the fresh funding to help it continue to scale up and plans to grow its marketing, sales and customer support teams. It will also bring in more software developers to help enhance the app.
Neatebox founder and chief executive, Gavin Neate, said: “There is a massive opportunity to scale up and roll out Welcome to the point where it is omnipresent and it is reassuring that our investors share our ambition to make this a reality.
“We’re receiving fantastic feedback from both businesses and disabled users wherever it is deployed, and this funding will allow us to really scale the business and reach more venues and hopefully positively enhance the lives of more and more disabled people over the coming months.”
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The Scottish Parliament, Edinburgh Airport, Jenners, Double Tree Hilton and Royal Bank of Scotland, Northlink Ferries and NatWest are among the companies that have already adopted the Welcome app to their services.
Jo Nisbet, partner at Harper Macleod, said: “We’ve been working with Gavin and the team for many years and have seen the business evolve and almost reach a tipping point where the question seems to be, why wouldn’t you have this technology in your premises?
“We’re delighted to help them secure this funding package and support Neatebox as it becomes yet another Scottish tech success story.”
Fraser Lusty, investment director at Equity Gap, said: “We’re delighted to be investing in Neatebox and are excited by both the potential and impact the technology can make. Gavin and his team have gained significant peer and user advocacy and we look forward to working with them as they scale the business.”
Kerry Sharp, head of the Scottish Investment Bank, the investment arm of Scottish Enterprise, said: “Having supported Neatebox from an early stage it is great to see the progress that has been achieved to develop and grow this innovative business improving inclusive access to businesses and services.
“We look forward to continuing to work with the company, both from an investment perspective and through our account management support, to deliver its growth ambition.”