Smartphone consumer engagement business, ScreenReach, has secured £500,000 from Hotspur Capital Partners in a second round of fundraising.
Smartphone consumer engagement business, ScreenReach, has secured £500,000 from Hotspur Capital Partners in a second round of fundraising.
ScreenReach founder Paul Rawlings says the Newcastle-based company, which developed the Screach application and platform for creating ‘interactive experiences’ on smartphones, will use the funds to ‘spearhead global growth’. The cash follows the first round of investment last year, £250,000 from Sage founder and entrepreneur Tom Maxfield.
The company describes ScreenReach, which can be used on the iPhone and Android operating systems, as a ‘social’ platform that connects to Facebook and is used to engage an audience interactively by creating add-ons such as quiz pads and voting tools.
Rawlings comments, ‘We have raised a second round of funding, growing both in the UK and abroad and are really starting to become the global business that we know we are.’