The funding was raised from Liquid’s existing consortium of investors which includes technology entrepreneurs Richard Doyle, and Ian McNeill, and accountant and exited entrepreneur, Curtis Wright.
As with the first round investment, the private investment was matched by The Aspire Fund (a Government Fund for women-led businesses managed by Capital For Enterprise) who invested because of the role of Lisa Kendrick, Marketing Director, in founding and developing the business. Once again the team were given help and support by Connect Yorkshire, not-for-profit company that helps growth businesses in Yorkshire and the Humber get the funding and expertise they need.
Andy Chaffer, Programme Manager at Connect Yorkshire commented: “Connect Yorkshire’s services are designed to help high growth businesses seeking finance – Liquid Accounts is an innovative, ambitious Yorkshire company and Connect Yorkshire is delighted to have played a role in bringing significant new investment to a local company with exciting global potential.”
MD, Matt Holmes said, “In the past year we’ve done a lot of work on structuring the company for growth and refocusing our sales efforts on building strategic partnerships where Liquid can be included as part of an offering of essential business services for an existing SME market or client base.
‘We have also significantly grown our network of ‘Accountancy Services’ professionals who are supporting Liquid Accounts. As a result of this of this progress, our investors have committed more funds to accelerate the process and allow us to enhance and add to our existing software. “