Yorkshire-based New Net Technologies has received follow-on funding from venture capital fund managers YFM.

Yorkshire-based New Net Technologies has received follow-on funding from venture capital fund managers YFM.

Together with New Net’s management team, the YFM-managed Yorkshire & Humber Equity Fund invested an additional £120,000 in the company.

The funding will allow New Net to complete and market a new version of its software, which is designed to help large companies manage their IT systems.

Ian Waterfield, investment manager at YFM who led the New Net deal, says the company has grown sales in a difficult market.