Shopblocks, a Manchester, UK-based provider of an ecommerce platform that enables companies to set up an online store, raised over £1.5M in funding.
The round, which brought the total amount to over £3.5, included NPIF – Mercia Equity Finance, Mercia’s EIS funds, and Greater Manchester Combined Authority (GMCA).
The company intends to use the funds to further enhance its platform and attract more large B2B-focused clients.
Led by CEO Kevin Jones, CCO Stewart Reynolds, Shopbloks provides an ecommerce platform that enables companies to create a complete ecommerce ecosystem, with multiple linked accounts and different stores for different brands or locations, and create ‘white label’ sites for their resellers and dealers. Its ‘no code’ platform offers a series of building blocks that can be rapidly assembled to create a complete website. It is aimed at medium and large companies with complex pricing models or supply chains such as wholesalers, IT resellers or businesses offering bespoke products.
The company, which employs 35 staff, now has over 2,000 customers including Toshiba, Daisy Telecom and Tower Housewares, and annual recurring revenue of over £1M, in addition to project fees.
FinSMEs
02/10/2023