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Seed Funding Round Opens

NTUK Technology Group are pleased to announce the opening of their Seed funding round with a target of £250,000. The Group will be hoping for another successful raise similar to their Pre-Seed round which closed achieveing 120% of target. The funding round will provide capital to invest in recuritment of key members to execute accelerated growth plans with particular focus across Sales and Digital Marketing.

NTUK Technology Group’s goal is to digitalise the construction industry with bespoke technological solutions for individual market segments. Current focus on the Tools, Plant and Equipment Hire sector with the soft launch of National Tools UK, closeley followed by the soft launch of In2Tools for the DIY products sector.

What is Seed funding?

There are different types of funding, as follows:

  • Pre-Seed
  • Seed
  • Series A
  • Series B
  • Series C

Seed Funding

Seed Funding helps businesses finance their first steps beyond set up, for example product development, research or market analysis. Seed funding is also usually used to put together a team to work towards acheiveing the business objectives short term and long term. Potential investors in seed funding scenarios range from family and friends to venture capital firms. Seed funding ranges from £10,000 to £2,000,000 with company valuations from £3,000,000 to £6,000,000.

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