Liquid Accounts Ltd, a Huddersfield, Yorkshire, UK-based online accounting software provider, has raised almost £1m in equity financing.
The company raised the above mentioned funding by selling an 18% stake to a syndicate of local angel investors, with a further 12% being match-funded by the Government-backed fund for women-led businesses, The Aspire Fund.
The new capital will enable the company to further its position in the market of online accounting software, by focusing on developing its sales and marketing activity, and exploit the growing demand for SaaS applications amongst small and medium-sized enterprises.
FinSMEs
05/03/2010