Business bank-backed Angel CoFund joins investors at BaseKit

London-based technology company BaseKit has netted £4.5 million of new investment capital.

The Angel CoFund has joined forces with Eden Ventures, NESTA and Nauta Capital to lead a funding round into BaseKit.

Set up in 2008, BaseKit’s platform allows small businesses and designers to build and manage websites through browsers.

Having previously secured £10 million of investment over the course of its history, BaseKit now was 80 staff and offices in London, Bristol, Toronto and Sao Paulo.

Juan Labato, CEO of BaseKit, comments, ‘We will use this further investment to continue to develop the BaseKit platform.

‘Our focus for 2014 is on rolling out our offering to the world’s leading hosting and telecoms companies, to consolidate our position as the fastest growing website creation platform.’

More on BaseKit funding rounds:

New backer the Angel CoFund was created in 2011 using government capital and is a privately-run fund which works with business angels and investors to back British SMEs.

With £100 million to commit, the Angel CoFund has provided £12 million of direct investment alongside £50 million from business angels.

George Whitehead, chairman of the Angel CoFund, says, ‘We are very impressed with what BaseKit has achieved and also its potential for the future.

‘Our goal is to provide cash for high-growth UK businesses – and BaseKit’s company vision, ability to execute and current momentum classify it as exactly the kind of business we like to invest in.’

BaseKit, which won the Seedcamp accelerator programme in 2008, recently launched its new website and signed up its 100th partner.

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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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