A new Lincoln firm has netted a £150,000 investment from a local businessman after a Dragons’ Den-style event.
Innovosys, owned by Tom Whittaker, developed a mobile payment and management system for self-employed tradespeople.
Tom Whittaker impressed local investor and founder of Cool Milk for Schools, Jon Thornes, at an event run by the Lincolnshire Investment Network.
Jon Thornes was one of the panel members and liked Innovoys so much he offered to help grow and develop the business.
Tom Whittaker said: “The money will take our business to the next level.
“Not only will it help us to complete final testing, but it will also mean we can start getting our software out to the market.”
Jon Thornes said: “I am always eager to invest in businesses such as Innovosys. It’s a great product developed right here in Lincolnshire with real national potential.
”Working in partnership with the businesses in which we invest, my team and I also offer professional support from our wealth of experience to help new start-ups realise their goals.”
Councillor Colin Davie, Executive Member for Economic Development at Lincolnshire County Council, said: “The county is brimming with talented people and exciting business opportunities, and the Lincolnshire Investment Network helps bring them together with the investors who can unlock that potential.”