InngotPortfolio, Inngot,

 

Business profile

 

Location: Swansea

Sector: IT and software

Web site: www.inngot.com

 

Investment

 

Amount: £100,000 (part of a £160,000 co-investment with angel investors)

Type: equity

Executive: Ann Casey

 

Why we invested

 

Inngot is an early stage company with an innovative approach to asset financing. It has developed a secure registration service and online marketplace which enables companies to publish details of their intellectual property (IP). A company’s listing can help it to attract new business or licensees, identify development opportunities and raise capital.

 

Finance Wales previously invested in Inngot at its start-up stage. The company has an experienced management team with the potential to achieve its growth plans.

 

The outcome

 

The investment will enable Inngot to continue developing and marketing its services so it can start to generate revenues. It aims to become a market leader in the new sector of online asset financing.  

 

The company has already attracted a wide subscriber base with an effective launch plan and has the potential to become a leader in a new market.

 

Testimonials

 

“Investment from Finance Wales has been very important to Inngot. It’s a great vote of confidence for the concept.” Martin Brassell, chief executive, Inngot.

 

“We’re pleased to be investing in a business that has the potential to develop other businesses IP and commercialisation.” Ann Casey, investment executive, Finance Wales.