Inaugural deal for Dow Schofield Watts Angels
13 March, 2018
category: Business Support
Dow Schofield Watts Angels has completed its inaugural deal with a £500,000 investment in Warrington-based Avanite.
Founded in 2015 by IT consultants Peter Jones and Francesco Giarletta, the software company helps those in the industry to improve user experience, speed up log-in times and reduce infrastructure costs.
Its WebData Control platform removes the web cache – including the web browsing history – which is retained by users in virtual computing environments, which in turn improves performance and safeguards sensitive information.
More than 30 angel investors took part in the funding round, which will allow Avanite to expand its team to speed up product development and boost sales.