UK-based Appinstitute has announced $750,000 investment to make mobile app development accessible to everyone.
AppInstitute is a SaaS platform that allows businesses and individuals with little to no prior technical knowledge to create their own mobile App for iPhone and Android devices.
Foresight Nottingham Fund’s investment to support AppInstitute’s CEO Ian Naylor and CTO/COO Justin Ashurst, as well as Chairman Paul Brennan, provides the company with development capital to drive further growth and job creation in the years ahead.
“We believe every business should be able to harness the benefits a mobile App will bring to their business in order to compete against their larger counterparts. The fact that Nottingham has this dedicated regional fund with a mandate to support businesses like ours in the area is a testament to the vision and commitment that Foresight has shown to the region,” says AppInstitute CEO Ian Naylor.
With its central operations based out of Nottingham’s Creative Quarter, AppInstitute qualified for the fund thanks to a strong management team, sustainable competitive advantage, and operations in attractive markets around the globe.
“We are delighted to be supporting an ambitious management team through the investment in AppInstitute, which is a great example of the creative and dynamic technology businesses based in the city,” says Tom Thorp, Director of the Foresight Nottingham Fund.
Whether they be in the food industry, m-commerce, event booking, messaging, customer loyalty, data capture, GEO listings, or rich content (HTML, images, video), businesses of any size can use the platform’s software to create a mobile App that suits their specific needs.
Now with new investment from the Fund set to unlock additional capacity, the company’s growth trajectory is forecast to accelerate.