A Dynamic software solutions company has received a £300,000 investment from Finance Yorkshire.
York-based Smartgate Solutions, launched in 2012 by Paul Johnson and Lee Williams, will use the Seedcorn Fund money to hire more staff, convert interest into sales and reach a wider market.
Radar Healthcare, the company’s main product, provides a platform to help businesses meet time-consuming and often complex operational requirements, whilst simplifying regulatory Care Quality Commission compliance.
Paul Johnson, managing director of Smartgate Solutions, said:
“Lee and I have ambitious plans for Radar over the next three years – we have developed a solution that will benefit thousands of privately owned healthcare organisations to meet the business and industry challenges they face.
“We have developed a proven system which delivers the necessary benefits being demanded by the industry.
“This funding allows the business to accelerate its plans and see the products being adopted and bringing about real improvements to healthcare operations.”
Thanks to the funding, Smartgate Solutions has been able to appoint additional staff, and further enhance the Radar platform.
Their ambition over the next three years is to build a client base of more than 100 clients in the healthcare sector.
Graham Davies, Finance Yorkshire investment manager, said:
“Smartgate Solutions has built a software platform that is being very well received by health care providers.
“We see great potential in the Radar platform and are confident that this company will create numerous jobs and be highly successful.”
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.
To date Finance Yorkshire has made 543 investments totalling over £67.5 million.
The project is supported financially by the European Union.
It has attracted £30million investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, £15million from UK Government and £45million match funding from the European Investment Bank.
For more information about Finance Yorkshire, please visit www.finance-yorkshire.com or call 0845 649 0000.