16.3 C
Tuesday, July 23, 2024
BlogWe Are Nova, has most successful funding round in its company history,...

We Are Nova, has most successful funding round in its company history, attracting over £1 million in Q1

We Are Nova has supported 11 northwest tech businesses helping them get off the ground in its most recent funding round.

The Liverpool and Manchester, based firm has matched the venture capitalist investment raised last week to back entrepreneurs starting digital innovation and digital health startups, nine of which are based in the north west.

We Are Nova will now mentor the entrepreneurs, so that they are prepared for their first investment pitches, at their free ‘Startup Schools’. Once funding is achieved, they then match the investment to co-found the businesses.

Andy Davidson, CEO of We Are Nova, said: “Q1 saw our most successful funding round in the organisation’s history and we are immensely proud of the founders we will be working with in the upcoming months. Their passion and determination is exemplary and we are looking forward to future successes.

“The North West is a hot bed for digital talent and our recent round of investment is testament to the talent here.”

Nova are looking for entrepreneurs in the north west with digital and tech ideas, which they then co-found by bringing investment and a team that can deliver everything a tech startup needs.

We Are Nova has developed a unique route to access investment and expertise, without entrepreneurs giving up ‘the day job’.  This encourages entrepreneurs to focus on their passion in solving identified sector problems, without the need to employ a team, source a development provider, pursue angel investment or financially support the project.

With a 170-strong team, entrepreneurs are supported across a broad range of disciplines including strategy, customer engagement, electrical/hardware and technical software development, design, data analysis, branding and marketing.

The 11 entrepreneurs will now be supported by Startup Consultant led teams as they focus on achieving ‘problem-solution fit’. This is where the solution will be tested and refined. We Are Nova’s aim is to get businesses from concept stage to a product with traction in the market in twelve months or less.

Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

More News