Belfast start-up WorldDesk adds $1.25 million of investment to expand footprint

Irish start-up investor Lough Shore Investments has joined a $1.25 million backing of WorldDesk, the second time it has supported the business.

Belfast and California-based WorldDesk has netted $1.25 million (£800,000) of seed capital through a deal involving US angel investors.

WorldDesk’s technology allows users to access a cloud-based workspace platform which can be used with file hosting service Dropbox as well as other providers.

To coincide with the seed investment, the Irish company has launched a new version of its WorldDesk for You product. The version is said to include a new interface and support for application such as Chrome and Skype.

Danny Moore, principal at Lough Shore Investments, says, ‘It’s a start-up we’ve been working with for a number of years and this further funding is indicative of a company that is beginning to see some very real traction and success.’

Back in January 2012, WorldDesk was acquired by DeskStream for an undisclosed amount. As part of the deal, DeskStream adopted the WorldDesk name and branding and the business remained at its base in Belfast.

Lough Shore, who helped set up the business, then invested in the combined entity. Its new backing through the $1.25 million round is for an undisclosed amount.

Moore adds, ‘This investment will allow the team to increase their footprint in both Europe and Asia-Pacific. As an investment firm with a focus and passion for building great businesses in Belfast, we couldn’t be happier.’

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Stevie Morrow, WorldDesk CEO, comments, ‘On the product side, we wanted to make a release that looked better and performed better and that is exactly what we have in this version.

‘The additional fundraising is also significant in that it will allow us to meaningfully increase our footprint, both in terms of our engineering and sales capacity, in Europe and Asia-Pacific.

‘Crucially though, we take great heart from our ability to raise further funding from our existing investors, it’s an endorsement of our strategy to date and we look forward to continuing to deliver for those who have shown an incredible belief in the WorldDesk vision.’

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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