The Shopblocks eCommerce platform, developed by Miribase Ltd, has successfully raised £300,000 from a prominent angel network. This investment aims to drive significant revenue growth through enhanced sales and marketing strategies.
More than 25 angel investors participated, indicating strong confidence in Shopblocks’ potential. The platform bridges the gap between template-based and custom-developed websites, offering a cost-effective solution to SMEs.
Miribase Ltd, the company developing the Shopblocks eCommerce platform, recently secured £300,000 from Dow Schofield Watts Angels, a prominent Northern angel network. This capital injection is earmarked to enhance Shopblocks’ revenue by expanding sales and marketing efforts. Notably, more than 25 angel investors participated in this robust funding round, marking it as the second strategic investment by this network.
Shopblocks offers an innovative solution for SMEs seeking affordable and flexible website creation. It provides a balance between rigid template-based platforms and costly custom-built websites. Conceived within a digital agency, Shopblocks was spun off into an independent entity in 2015 by founder and CEO Kevin Jones. Based in Manchester, the company now employs a dedicated team of 15 professionals.”Shopblocks’ mission is to lead the UK website platform market within the next year,” remarked Kevin Jones, reflecting the company’s ambitious roadmap.
An increasing number of UK businesses are transitioning to Shopblocks from well-known platforms like Shopify and Wix. They seek the unique technological advantages that Shopblocks provides. According to Kevin Jones, the past year has seen significant growth, with hundreds of new clients joining the platform in recent months.
Dow Schofield Watts Angels boasts over 70 investors and has reviewed applications from more than 300 tech firms since its inception in 2017. Network lead David Smith highlighted Shopblocks as a “fantastic solution” addressing the challenge of affordable, self-managed website development. He commended Kevin Jones for his exceptional technical skills and commitment, expressing eagerness to collaborate for mutual success.
Shopblocks’ recent successful funding round signifies a broader trend of angel investing in tech startups focused on practical problem-solving. With the new funding, Shopblocks aims to amplify its sales and marketing efforts significantly. This approach will likely fuel its ambitious expansion plans, both domestically and internationally.
The primary ambition of Shopblocks is to extend its market leadership within the UK over the next 12 months. There’s also a strategic intent to explore global market opportunities, leveraging their unique platform features to appeal to a broader audience. David Smith expressed confidence in the prospects of Shopblocks, accentuating the potential for growth beyond the UK.
In conclusion, the investment by Dow Schofield Watts Angels into Shopblocks represents more than just a financial boost. It is a strategic partnership poised to unlock new growth opportunities and solidify Shopblocks’ standing as a formidable player in the eCommerce platform landscape.
The substantial investment from Dow Schofield Watts Angels not only reinforces the potential of Shopblocks but also paves the way for its ambitious growth endeavours. This collaboration promises to redefine market standards in the eCommerce sector, setting a precedent for innovation and success.