19:26 16 October 2017
The £500,000 funding comes as the London-based company goes through a stage of significant growth and requires to grow its sales and development team. Currently, it employs 30 people in its London office and will be expanding to create a presence in both the US and continental Europe.
Adam Smith, founder and CEO, Simplestream said: “It’s a hugely exciting time for us and the new funding will enhance our ability to grow the business and explore new, international markets. Our business is built on innovation, service and delivery and it was great to work with a partner who understood our vision and ambitions and was able to deliver the right solution at the right time,”
Christopher Kennedy, associate director in Clydesdale and Yorkshire Bank’s Growth Finance team, said: “Adam and the team at Simplestream have shown huge determination and vision to build the business and we were delighted to have the opportunity to work with them. Over the next 3 years we’re making £6 billion of lending available to SMEs around the country to support the growth ambitions of businesses like Simplestream.”
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