YFM follows investment in New Net

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.

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary... More by Nick Britton