202231 Oct

Hull based app developer wins place on "prestigious" startup accelerator programme following £350k funding

Summary

No-code app developer February has raised a further \xa3100k in angel funding, on top of its first, pre-seed venture capital (VC) funding round where the company raised \xa3250k.February, which builds mobile apps for businesses without using code, will use this additional funding to ensure a robust future.Ash Lewis, CEO, commented: As a no-code software developer that is already generating income from a growing client base, February received a lot of interest from VC backers, and we will use this additional funding from two separate angel investors for operational and customer growth and to recession-proof the business.Although we have deliberately set a low growth threshold for February, we are already 15 apps ahead of where we are scheduled to be. Companies are finding our ability to go from concept to live app in four to six weeks a very appealing proposition.At the same time, Hull based February has been accepted onto the prestigious equIP startup accelerator programme run by the CMS global law firm.A dedicated programme to support startups who are intellectual property rich, equIP provides a three-year 50 per cent discount on CMSs standard hourly rates, worth up to \xa3250k in the UK, and provides the global benefits of being part of the CMS network of entrepreneurs, investors and events across multiple jurisdictions.Ash continued: We are protected on our patents and trademarks, but as an early-stage business we want to ensure that we are fully and thoroughly protected, which is where the CMS programme will be incredibly useful in giving us the option of re-doing all our software and product patents.In a shift from its low-cost,side hustle business approach at launch, February says the business is dealing mainly, if not exclusively, with established companies and is now offering app set-up fees and monthly hosting charges in Essential, Plus and Premium packages.The startups software can quickly generate native apps in multiple languages through a visual interface to create a modern, powerful app, without coding or customised design.Ash added: We have created our own software language and file type that quickly transpile into other software languages; the simplicity of this language is what makes it so powerful and an entire app written in our software language can be less than 150 lines of code. Add me on LinkedIn and Twitter to keep up to date And follow Bdaily on Facebook, Twitter and LinkedInLooking to promote your product/service to SME businesses in your region? Find out how Bdaily can help

Source: Bdaily

Funding

$114.98K
Amount
Oct 31 2022
Date
-
Investor
February
Company

Classifications

Companies