16th February 2020
GoBubble, an innovative Chester-based EdTech brand has successfully raised over £300,000 investment round through a select group of prominent investors, supported in part by Leeds-based investment non-profit NorthInvest.
WHAT PROBLEM IS GOBUBBLE SOLVING?
GoBubble is a pioneering EdTech start-up, which offers children a safe social media experience, founded by award-winning e-safety pioneer Henry Platten. Following a successful beta, GoBubble currently has users across 24 countries and in 26 of the US states. The GoBubble global community offers children, educators and families the opportunity to create and communicate in a safe digital space; with market leading moderation securing the platform and ensuring that any unwanted content is removed before it appears.
To further accelerate rapid organic growth of the platform and enable it to be accessed by a greater audience, GoBubble has raised more than £300,000 from a variety of named and angel investors across the UK, including several angel investors part of the NorthInvest community, including David Pearce, Rich Hannam, Chris Jones, Peter Laithwaite and Juan Santana Medina. Other investors joining the round include digital identity app founder, Robin Tombs of Yoti.
WHAT WAS THE FUNDING USED FOR?
The funds raised by this investment round will go towards further development of the platform to enhance the functionality, adaptability and continued expansion.
NorthInvest investor and CEO of development agency Nephos Solutions, David Pearce, comments:
“GoBubble is a real-time solution to a problem which many children, schools and families are experiencing on a daily basis. As a global presence, the platform has immense potential to make a positive difference to so many children’ lives and I am excited to be part of it.”
Founder of NorthInvest and CEO of aql, Professor Adam Beaumont, adds: ‘We’re delighted that NorthInvest has helped facilitate GoBubble’s fundraising efforts. GoBubble’s impressive organic growth is testament to their success so far in utilising their experience to address the online safety challenges facing schools, parents, and children, combined with a robust commercial model.’
CEO of GoBubble, Henry Platten concludes:
“We are incredibly excited to welcome our new investors and are grateful to NorthInvest for their support in facilitating the round. These investors bring with them the highest calibre of business experience and share our drive to make the internet a safer place for children and young people.
“We are extremely proud of the organic growth that we have achieved so far and eager to use the investment to help us take GoBubble to the next level.”