Newcastle SME intranet provider secures £2.1m seed funding for national expansion

A North East intranet specialist has secured £2.1m additional seed funding in a round led by existing investor Maven Capital Partners.

Oak Intranet has secured the multi-million pound investment to expand operations across the country.

Founded in 2016, Oak Intranet organises departments, news, teams, projects and internal communication through its mobile app and SaaS platform.

Since launching, the Newcastle-based company has worked with brands such as Aldi, Halfords, ITV, REISS and River Island.

This latest funding follows a restructure of the company’s leadership team, and coincides with a move to a new office at Generator Studios in Newcastle city centre.

Will Murray, CEO at Oak, commented: “Oak is an amazing product with tremendous potential. It enables organisations to engage their employees including deskless workers and provides a range of internal communications tools that integrate seamlessly with office applications.

“We are thankful for the great funding partners we have in Maven, NorthStar Ventures and Finance Durham and look forward to working with them as Oak scales.”

Michael Vassallo, investment director at Maven, added: “Oak are pioneers in developing and selling intranet solutions, the platform addresses a large and growing market focused on the digital workplace.

“We are delighted to lead the latest funding round to continue to support the roll-out of its innovative cloud-based software and enable the business to execute a number of exciting new developments.”

Read this story on BDaily

Read more posts

Graduate’s nature trail to a…

07.12.2021

Retirement from her role teaching hearing impaired students after 35 years offered Kathryn Gander the opportunity to pursue a lifelong love of art. Kathryn graduated from her MA Design course at the University…

Read more

GATESHEAD’S ADVANTEX NEW INVESTMENT EXPANDS…

07.12.2021

New investment in infrastructure will enable Gateshead technology specialist Advantex to expand and improve its ultra-fast internet connectivity services to more organisations across the region. The development follows a £500,000…

Read more

Congratulations to @Cognassist who won the Equality, Diversity and Inclusion award at #Dynamites21 🏆🎉. Unfortunately they were unable to make it on the night but the award sponsor @Fueled made sure to still present this in person! pic.twitter.com/zPm98zxqzD

Join our
mailing list