Newport tech business receives support
- On November 16, 2018
- By GrowthInvest Admin
A Newport-based tech firm called W2 has secured significant backing recently.
W2 obtained £3 million in support from two sources. The Development Bank of Wales and Mercia Technologies PLC provided the investment.
Warren Russell is the chief executive for W2 and he has ambitious plans for international growth. Russell founded the enterprise seven years ago. Richard Thompson, a senior executive at the Development Bank of Wales, told Business News Wales:
“We are thrilled to once again be co-investing with Mercia in this latest round to support Warren and his team. W2 has made tremendous progress in recent years and we are excited to see what this funding will bring to the business.”
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