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Moltin looks for funds to grasp its big chance [Newcastle Journal (England)](Newcastle Journal (England) Via Acquire Media NewsEdge) ATEAM 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 e-commerce 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 US 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. 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 form the building blocks for developers to develop bespoke e-commerce functions. Moltin was born from the frustration of the co-founders around the lack of e-commerce tools for developers, and the inflexibility of existing products. Shortly before Moltin's creation Jamie and Chris created FireSale, another open source e-commerce platform. Jamie Holdroyd, Chris Harvey and Adam Sturrock all worked in local agencies prior to striking out on their own. Early in Moltin's lifespan, the team travelled to New York and London with the Ignite100 programme leaders - gaining the opportunity to speak to key personnel from the likes of Twitter and Foursquare about their product - and providing direction for the business' strategy. We're really happy with the way we've grown - and we're now attracting significant interestAdam Sturrock (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |