Notify Insights: Second funding round confirmed

by NOTIFY TECHNOLOGY | Mar 23, 2020 | News

We are delighted to announce some good news for both our employees and our customers, as we confirm our second round of financial backing.

Notify Technology has secured further funding of £370,000, which will help us drive product development and expand our already-growing team.

The funding has been secured from the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund (ERDF) and managed by Mercia Asset Management, alongside investment from our Chair, Jayne Archbold, and existing management.

The latest funding round will help Notify hire additional customer service and sales staff, broaden our software offering and expand our client base.

Duncan Davies, CEO, said: “My co-founder Andy and I are delighted at the progress we’ve made over the last year. We’ve added some great new members to our team and many fantastic clients. This funding will enable us to accelerate our growth whilst continuing the positive engagement we have with our client base.”

Jayne Archbold, a former Sage executive who was appointed as Chair last year, said: “I’ve been working with Notify as Chair for 10 months and I’m delighted to see the progress being made.  Notify are a passionate team developing smart and secure innovative technology. They are adding new customers and bringing value to their existing customer base to make their vision a reality, creating a safer, healthier world.”

Jan Oosthuizen, Investment Manager with Mercia, said: “Notify has gone from strength to strength in the last 12 months, having broadened its service offering and won some major new clients. We’re delighted to continue to support the business in its next phase of growth.”

Adam Rayner and Stephanie Brown of Muckle LLP provided legal advice to Mercia while Katherine Hay-Heddle and Clair French at Ward Hadaway advised Mercia.