Sunderland construction tech firm secures £300k investment for expansion
A Sunderland construction technology company has secured a £300k investment for the continuation of its expansion.
Clixifix has received the £300k investment from the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures.
The company has said that the funding will help it to hire more staff to keep up with demand, while developing new products and features for its expanding customer base.
James Farrell, managing director and co-founder of Clixifi, commented: “We’re extremely proud to have closed our funding round with the help of the amazing team at NorthStar.
“The investment we have received will help us scale our services even further. We are looking to make new key staff appointments in the short-term and are working on product developments which will let us take on clients globally.
“However, our immediate focus is to get our platform into the hands of as many housebuilders and principal contractors as possible to help them digitise their aftercare processes and continue operating efficiently with stakeholders during what has been a tough time for everyone.
“It is a massive sector we operate in with some very old systems in place.
“There are long-standing structural barriers that housebuilders and construction companies need to overcome in order to deliver a good aftercare experience.
“Our technology enables construction and aftercare teams to onboard in minutes and the process is entirely digital.
“Our expert team are on hand to provide support, resources and practical advice to help our clients through the transition.’’
Richard Charnley, investment manager at Northstar Ventures, added: “We initially invested in Clixifix in 2016 and have continued to be impressed by the team and growth of the business.
“They have firmly established their reputation as leaders in the sector and we’re delighted to be able to support the team with further funding that will help strengthen the team and help scale up the business.”