Twine to Expand Following Investment
Twine secures investment from business support service GC Angels and private business angels, bringing its total funding to £1.2million.
10:11 12 August 2020
A Manchester-based tech firm that specialises in matching companies with quality freelancers, is set to expand after securing investment. Twine, which now has a total of £1.2million funding, earned the support of business support service GC Angels and private business angels.
Twine, which handpicks freelancers to help companies looking for talents, said that the demand for more flexible and reliable work has jumped substantially during the Covid-19 pandemic. As its user base increased by 45per cent, the firm is using the funding it recently secured to expand its development, sales and marketing teams.
Twine was founded by the University of Manchester graduate Stuart Logan and currently has a network of over 350,000.
Jess Jackson, investment director at GC Angels, said: "GC Angels is delighted to announce this deal, investing alongside GMCA and our network of private angels, completing at a time when early-stage deals are suffering in the ecosystem.
"We were established to fill the early-stage equity gap across the north, so we are pleased to continue to support Greater Manchester innovative startups.
"Twine has incredible potential, and we are looking forward to watching it grow as more businesses turn to quality freelancers.
"We are particularly pleased that the investment comes during the Creative Scale-Up Programme, delivered by our sister company GC Business Growth Hub, which we support by encouraging investment into creative businesses like Twine."