Camiloo Raises £50K from AXM Venture Capital

Camiloo Limited, a Manchester, UK-based company that develops mobile and desktop services to online retailers, has received a £50k investment from AXM Venture Capital Limited.

AXM, which made the investment via the North West Fund 4 Digital & Creative, will acquire a minority stake in the company.

Launched in 2009 and led by Managing Director Mark Newby, Camiloo has provided an Amazon integration plugin for popular eCommerce software Magento. The company is currently launching its first major platform – www.channelunity.com, a new integration tool connecting retailers to over 120 marketplace websites such as eBay, Amazon and Pixmania.

Camiloo currently serves more than 320 clients worldwide.

FinSMEs

15/07/2011

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