London development tool secures £353k to launch platform

A London development tool has today announced it has raised £353k in a pre-seed funding round.

GitLive, which is a collaboration tool for developers, raised the funding from SFC Capital to help launch the full version of the platform this autumn.

The platform is currently in a beta phase, and is designed to address common pain points that development teams face in their daily workflow

The investment was made through a combination of SFC Capital’s SEIS fund, its regional fund, and individual members of its business angel community.

Nicholas Bransby-Williams, CEO at GitLive, commented: “Discussing code is hard, especially when having to copy and paste snippets into Slack or Microsoft Teams.

“Turning the IDE into a collaborative workspace by making work-in-progress code available for discussion and collaboration, GitLive is all about encouraging teamwork and increasing developer productivity.”

Friedrich Coen, COO at GitLive, added: “Our strategy is to get into organisations from the bottom up. Developers are very particular about the tools they use, but very trusting of their peers - if one person in a team sees the value in GitLive, we’re confident that the rest of the team will follow.

“Once we’ve proved that there’s high-demand for our service, the next logical step is an enterprise grade product for larger teams.”

Stephen Page, CEO at SFC Capital, said: “SFC Capital prides itself on investing today in the innovations of tomorrow at their earliest stage - by investing in GitLive, we are not only backing a team of innovators, but also helping enable other innovators to work more effectively.

“As we’ve all experienced over the past few months, collaboration tools are going to play a huge part in improving the daily workflow of people in all kinds of sectors - this is especially true in coding and development, where team members often work remotely or in isolation from one another.

“Built by developers for developers, we’re confident that GitLive has real potential to make a difference to this community.”