Liverpool-based CEMOS Solutions Limited, a cloud-based digital platform developer, has received £150,000 of equity funding.
The funding comes from NPIF – Maven Equity Finance, which is managed by Maven Capital and part of the Northern Powerhouse Investment Fund. It was administered by MSIF, which has partnered with Maven Capital to deliver funding to businesses in the Liverpool City Region.
CEMOS use their platform to create mobile applications that are tailored for health, fitness and wellbeing. Their first digital product, Get Event Fit, helps charities better prepare their fundraisers by providing them with comprehensive training programmes.
Get Event Fit has partnered with JustGiving and is available for free from more than 100 participating charities including Cancer Research UK, Marie Curie, Scope and Roy Castle Lung Cancer Foundation.
The deal, which is the first equity investment made by NPIF – Maven Equity Finance in the Liverpool City Region, will allow the company to diversify its Get Event Fit offering with additional training programmes for cycling, swimming, triathlon and trekking, whilst also developing new health and wellbeing products.
CEMOS will use the funding to more than quadruple its headcount over the next three years and drive international expansion by targeting overseas charities and brands to collaborate with.
Chris Mitchell, managing director at CEMOS, said: “Having partnered with some of the UK’s leading charities, we are enhancing the way fundraisers prepare for their event, whilst also helping charities maximise their fundraising efforts. With this investment, we can further our horizons and introduce new products that will not only support our expansion, but also help educate, empower and encourage positive lifestyle behaviour choices.”
Simon Thelwall-Jones,investment director, said: “We are delighted to have completed our first equity investment from the NPIF - Maven Equity Fund. It has been great to work with Chris and I’m really happy we were able to support CEMOS and assist with the expansion of the business.
“CEMOS has already gained some impressive partnerships in the UK, and with the funding provided they will be able to create more products, and gain even more partnerships overseas.”
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