FinTech startup Shopblocks has raised a £500,000 funding round as it is looking to increase its international footprint.
Having already established itself in New Zealand and Australia, the venture is now looking to expand into the US with a new office.
The Greater Manchester Combined Authority’s GM Investment Fund, Dow Schofield Watts Angels (DSW Angels) and members of the management team pitched in for the raise.
Shopblocks has created a platform empowering companies to create their own website, from a simple homepage to a complete online store.
David Smith, partner at DSW Angels, said, “Shopblocks’ success lies in its unique technology. We recognised its potential with our initial investment last year, and the company has since made rapid progress and started to make a real impact in the market. We are delighted to welcome GMIF in this latest funding round, which will help propel its further growth.”
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