App platform all set for growth with £750k investment
- On November 14, 2018
- By GrowthInvest Admin
Kumulos, a Scottish software company which has developed a platform for managing mobile apps, has completed a £750,000 funding round backed by Mercia Fund Managers, the Scottish Investment Bank and angel investors.
The Kumulos platform incorporates multiple tools to help companies and developers improve the performance of their mobile apps. The platform provides data on user engagement and allows them to optimize their ranking on the App Store and send notifications to customers.
The company, which is based in Dundee, was set up in 2015 as a spinout from Waracle, one of the UK’s largest mobile app development agencies, and now has customers in 23 countries. Kumulos previously received an investment of £500,000 from a number of private investors to help develop its product. The latest funding round will allow it to expand its technical and sales and marketing teams, and invest in marketing activities to drive its growth.
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