Investment

A Leeds-based tech company specialising in remote working software has raised 拢400,000 in investment.

Flabba鈥檚 听software is used by the Home Office and the NHS and has raised the funding from NPIF 鈥 Mercia Equity Finance and angel investors.

The company was founded by Colin Rhodes, a HR professional who had worked for enterprises including Microsoft, and software engineer Anthony Marris.

Flabba鈥檚 platform听integrates with standard videoconferencing software such as Zoom or Microsoft Teams to provide a complete workflow solution.

It enables professionals to collaborate with colleagues in different locations and manage projects from start to finish 鈥 for example booking appointments, managing and sharing documents, recording meetings and creating reports.

The funding will enable the team to work with existing partners Zoom and Microsoft Teams to develop apps, and with Amazon Web Services to incorporate machine learning. Flabba, which currently employs nine staff, is planning to create a number of new jobs.

eCommerce software firm raises 拢2.25m

Colin Rhodes, CEO, said:鈥淩emote working is here to stay and we are very excited to be driving innovation to make collaboration easier and more effective for everyone. The funding will allow us to add new features, drive uptake across different sectors and establish the Neugo platform as the leader in the field.鈥

Will Clark of Mercia added:听鈥Flabba鈥檚 platform is the next level in remote working and is currently the only one of its type in the market. It has already attracted some high-profile users and partners but the potential audience is huge. The investment will allow the business to build on its 鈥榝irst mover鈥 advantage and accelerate its growth.鈥

Sean Hutchinson at the British 老九品茶 Bank, said:听鈥淚t鈥檚 fantastic to see funding from the Northern Powerhouse Investment Fund contribute to the expansion of Flabba, as it looks to work closely with the likes of Zoom, Microsoft and Amazon to incorporate machine learning. We are pleased that NPIF is continuing to act as a springboard for Northern businesses to reach their growth potential and look forward to seeing what Flabba will achieve in the future.鈥

RiskSmart launches in UK after 拢1m investment

NPIF 鈥 Mercia Equity Finance is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF),