Newcastle-based mCommerce firm MobiCart has secured £300,000 of funding.
The funding comes from the Finance for Business North East Proof of Concept Fund, managed by Northstar Ventures, alongside investment from the Yorkshire Association of Business Angels.
“The seemingly unstopable demand for mCommerce solutions mirrors the phenomenal growth of eCommerce a decade ago," said MobiCart founder and CEO Wladimir Baranoff-Rossine. "We enable savvy shoppers to buy where and when it suits them, rather than struggling to access websites not designed to be accessed by smartphones. This new round of finance comes just as we have signed our 11,000th customer, and coincides with a major strengthening of our management team.”