Northern Powerhouse Investment Fund Invests £1m in MirrorWeb
July 17, 2018 • 2 min read
MirrorWeb are delighted to announce we have received £1 million funding from the Northern Powerhouse Investment Fund, which is drawn from an array of sources such as The UK Government and aims to foster growth and investment in the North of England.
Founded in 2012 by David Clee, Philip Clegg and Karl Stringer, MirrorWeb have developed a web and social media archiving solution for businesses in the private and public sector. In the last two years, we have attracted major clients including UK Parliament, Welsh Government and The Bank of England, which has seen the company be valued at £7 million due to rapid growth.
The funding, led by Maven Capital Partners, will fuel the next phase in the MirrorWeb’s growth, strengthening our team by creating 12 new jobs to develop an innovative range of products and enter new markets.
David Clee, CEO of MirrorWeb, said: “In the future, we should have a definitive understanding of what the digital world was like in real time so we can continue to learn from the past by preserving the communication channels of the here and now.
We founded MirrorWeb in 2012 to allow users to create permanent, unalterable records of all online communications, be that a website or social media platform. We now capture information of commercial, cultural and historical value, curating it in a user friendly format so it will never be lost and will be accessible to future generations.
“We’ve grown exponentially since that initial idea and this investment is another benchmark moment in our evolution that will support MirrorWeb’s ambition to lead the preservation of the world’s digital heritage.”
Jeremy Thompson, Investment Manager of Maven Capital, said: “MirrorWeb has developed innovative technology which has allowed the firm to build a cloud-native website and social media archiving service.
The team has already won some impressive customers including The National Archives and UK Parliament, and has developed a strong relationship with Amazon Web Services to enable the platform to scale up very easily.
This investment will further strengthen the team in Manchester, as MirrorWeb looks to take advantage of growing demand as businesses and public sector bodies are increasingly looking for support to manage and monitor their digital communications. We are delighted to be able to support the team in their next stage of growth.”