Maximum Funding for Manchester Tech Start Ups
Top Manchester-based tech startups secure huge funding in Q2 2020.
10:26 20 August 2020
Four Manchester-based tech start-ups have successfully secured maximum funding from investors in the second quarter of 2020. The funding shows the confidence of investors in the companies' potential to grow in the future.
The list is topped by Sharp Gaming, a company specialising in building revolutionary tech platforms for the global gaming industry, targeting online and retail operators, including gaming and sports betting services. Founded by Andrew Daniels in 2017, the company secured £25million funding from Fred Done, the co-founder of Betfred.
Manchester-based Peak, which was founded by David Leitch, Atul Sharma and Richard Potter also made the list. The company provides an enterprise AI system, the first of its kind, which merges the required data processing, infrastructure, AI workflow and applications in a single Saas product. The firm has announced the closing of its extended Series A ¢11.8million, which will be used to support its rapid growth and expansion.
CGHero has also announced securing a seed investment of $1.1million from a funding round led by Fuel Ventures along with participation from Tim Dempsey, Cumron Ashtiani and private angel investors. CGHero specialises in outsourcing 3D CGI production, which provides on-demand access to the world's top studios and artists. It helps customers outsource cutting-edge computer graphics from professionals around the world.
Another Manchester-based start-up company that secured funding recently is Collectiv, a firm that helps organisers easily collect money and pay for group bookings or purchases. It has recently raised £200K co-investment from CG Angels.