Verticly raises over €1m to expand internationally

Verticly, a tech startup with offices in London and Newcastle, has raised over €1m from Northstar Ventures, Greek VC firm PJ Tech and several angel investors.

The company, which claims to help brands engage with both offline and online customers, says it will use the funds to continue its international expansion.

Rick Charnley, investment manager at Northstar Ventures, said: “Verticly is going from strength to strength and the latest investment round will enable it to continue to grow its operations both in Europe and further afield.

“For Northstar, Verticly represents a long-term partnership and we are proud to have supported it from inception,” he concluded.

A statement added that funds from the Finance for Business North East Accelerator Fund will be used to grow the startup’s office in Newcastle, while support from PJ Tech Catalyst’s Fund will allow Verticly to open an engineering and data science hub in Greece.

Ion Tsakonas, CEO at PJ Tech, said: “We are very excited to be supporting Verticly’s international expansion plans. The combination of an experienced team, operations in a growing space and the company’s presence in Greece (where they will locate their developers after our investment) give us confidence that this is an international success story in the making.”