Apps optimization startup Kumulos has raised €750k in funding.
The round saw participation from Mercia Fund Managers, the Scottish Investment Bank and angel investors.
Founded by Mark Petrie and Bob Lawson, Kumulos platform incorporates multiple tools to help companies and developers improve the performance of their mobile apps. The platform provides data on user engagement, allows apps to optimise their ranking on the App Store, and lets apps send notifications to customers.
Based in Dundee, the startup was founded in 2015 as a spinout from Waracle, one of the UK’s largest mobile app development agencies.
This latest funding round will allow it to expand its technical and sales and marketing teams, and invest in marketing activities to drive its growth.
Kumulos previously received investment of €566k from a number of private investors to help develop its product.