Envoke, a Leeds, UK-based provider of a virtual demo platform, raised £1M in funding
NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, made the investment.
The company intends to use the funds to further develop the platform and take part in more international trade exhibitions to boost its sales worldwide.
Led by CEO Stuart Warrington, Envoke provides a virtual demo platform that removes to ship out equipment and send sales staff to visit buyers in distant locations. The platform was developed in 2019 for Thermo Fisher Scientific, a US-based multinational which makes analytical equipment such as PCR and blood testing machines and was seeking a better way to showcase its products to remote customers. It is now used by some of the biotech equipment manufacturers, including Bio-Rad, 10X Genomics, Roche and Illumina.
The company, which currently employs 16 people, expects to create a further ten jobs in the year ahead.
FinSMEs
10/08/2023