Young e-commerce start-up on the hunt for Series A funding to fuel growth

The team behind Campus North-based Moltin say they are ready to pursue Series A funding after honing their product

From left to right, the Moltin team: Adam Sturrock, Richard Ault, Chris Roach, Jamie Holdroyd, Chris Harvey
From left to right, the Moltin team: Adam Sturrock, Richard Ault, Chris Roach, Jamie Holdroyd, Chris Harvey

A team of young software developers, based in Newcastle, say they are now on the lookout for Series A funding for their innovative e-commerce site building tools.

Campus North-based Moltin, which employs five, are set to relaunch their product which provides the framework for developers to use in building ec-ommerce sites.

Since launching in November 2013, Moltin have attracted nearly 600 developers internationally to their toolkit

The product gives developers flexibility in how they create and manage online stores and shopping carts - for customers on all types of devices.

The original Moltin team, including Jamie Holdroyd, 27; Chris Harvey, 22; and Adam Sturrock, 24, have recruited Richard Ault and Chris Roach to help push the business forward.

Following some nine months of development, adding additional features to the Moltin platform, the team are now looking for seven-figure Series A funding.

The business previously had initial funding as part of the Ignite100 programme, with follow-on funding from Northstar Ventures and IP Group, along with angel investor Doug Scott.

Adam Sturrock told The Journal: “We’re really happy with the way we’ve grown - and we’re now attracting significant interest from the UK and U.S. markets - as well as promising growth in Canada, France and Germany.

“Jamie and Chris recently took Moltin to San Francisco, to a major API conference, where we received some great feedback on the product.

“Now we’re working to add more features and accessibility to the platform - and our new website is helping to get the word out about this.

“We can see it happening - we’re getting more and more enquiries - it’s just about building on this now.”

Adam says Moltin are likely to take on more developers should they be successful in raising the investment.

Moltin promises store owners the chance to add their inventory whilst developers are working on the website with real data.

The business provides an application programming interface (API) and SDK (software development kit), which provide the building blocks for developers to develop bespoke e-commerce functions.

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