Newcastle tech firm raises £1.2m for ‘build your own’ app software
A North East company specialising in software to enable businesses to create their own mobile apps has raised £1.2m to accelerate its expansion.
Nutshell Software has secured funding from two funds managed by Mercia - the Northern Venture Capital Trust (VCT) Funds and the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund.
Launched in 2017, Nutshell Software specialises in technology which allows firms to create their own mobile apps with no coding, and already works with organisations such as Network Rail, Siemens, Northumbria Police and the NHS.
Martyn Cuthburt, founder of Nutshell Software, explained: “With 3.5 billion smartphones worldwide, mobile apps are an effective way for public and private sector businesses to roll out their services to a wide audience.
“Nutshell makes mobile app development easy and will help businesses large and small to drive innovation and growth.”
Following the new investment, the firm plans to create around 40 new jobs in the next three years.
Aaron Lawson-Clark and Jan Oosthuizen from the Mercia team led the deal. Aaron commented: “Nutshell stood out with both a market-leading product and a management team with experience in building a successful software company.
“Mercia is pleased to be backing another fantastic business in the North East of England.”
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