Pimberly secures new investment from NorthEdge Capital
Pimberly is pleased to announce we have secured a seven-figure investment. This comes from NorthEdge Capital as Part of our Series A funding drive.
After a year of rapid growth ‚Äì this investment will go into continued product development, customer success and new business development.
There’s currently 18 of us here and we’re looking to double that over the next 18 months!
First of all, a word from Pimberly
‚ÄúPimberly represents an awesome opportunity for NorthEdge, and we’re really excited to secure investment from such a significant UK fund. Also we’re seeing a lot of interest from other funds at home and internationally, and expect to announce further funding in the near future.
NorthEdge has been with us from the beginning ‚Äì from concept all the way through to the customer successes we’re seeing now. We’re delighted to share this journey with them.‚Äù
Martin Balaam, Pimberly CEO
NorthEdge Capital manages £540m of private equity funds and is focused on investing in the North of England and Midlands. Typically investing between £5m and £45m, they focus on established businesses, usually with a turnover greater than £10m and profits over £1.5m.
We are very excited to be an anchor lead funder to one of Manchester’s most exciting early stage tech businesses. Pimberly’s innovative technology has the potential to disrupt the market. We are confident that through Martin’s leadership and this investment in product development, we will see the business continue to expand at pace in the coming years and months.
Andrew Skinner, Investment Manager NorthEdge Capital
The firm, whose head office is here in Manchester, has made 23 investments including Sumo Digital and Utiligroup.
This represents another exciting step forward for Pimberly on our journey to success on a regional, national and global scale.