NorthInvest helps edtech startup complete £300,000 funding round
18th November 2019
NorthInvest help Chester-based edtech startup which offers a safe social media experience for children to raise over £300,000 investment.
This article originally appeared on Prolific North.
GoBubble, which was founded by award-winning e-safety pioneer and former police sergeant, Henry Platten, secured the funding through a select group of prominent investors, supported in part by Leeds-based investment non-profit NorthInvest.
Following a successful beta launch, GoBubble currently has users across 24 countries and in 26 US states. The GoBubble global community offers children, educators and families the opportunity to create and communicate in a safe digital space, with moderators ensuring that any unwanted content is removed before it appears.
The investment round includes several angel investors forming 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.
The funds will go towards further development of the platform to enhance its functionality, adaptability and continued expansion.
David Pearce, NorthInvest investor and CEO of development agency Nephos Solutions, said:
“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.”
Henry Platten, CEO of GoBubble, added:
“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.”
Founder of NorthInvest, Professor Adam Beaumont, concluded:
“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.”