Padoq launches £850k crowdfunding campaign - and almost hits target already

Simon Austin's picture

Manchester-based enterprise app platform Padoq has launched a crowdfunding campaign to raise £850,000 - and almost met the target already.

Although the crowdfunding was officially launched today, the company has already raised more than £750,000 of the target. 

Padoq’s platform allows brands to launch customised, native mobile apps in “a fraction of the normal time, and at a fraction of the usual cost”.

Funds raised through the campaign on the Seedrs crowdfunding platform will be used to expand Padoq’s functionality, supporting and extending the existing software and digital development team.

It will also be used to develop sales channels, including onboarding major corporate clients and account managers. The funding will also allow Padoq to explore additional opportunities in the international market.

CEO Mike Anderson said: "It's taken our growing team a huge amount of effort to ready ourselves for mass commercial launch. Our early users appear to love it and this is an incredibly exciting time for us."