A SOFTWARE company, co-founded by an Isle of Wight developer, has secured almost £400,000 in crowd-sourced internet investment, smashing its target.
Powered Now, co-founded by Benjamin Dyer of East Cowes, is an app designed to help tradesmen and trade companies use their phones and iPads to run their companies.
Powered Now hoped to raise £350,000, but exceeded that target within 12 days, using the website Crowdcube, which allows businesses to pitch for cash from online investors.
The business has attracted interest from dozens of investors, who have committed £392,860. Backers still have until the end of the month to support the project.
Mr Dyer said the result was an endorsement of the business.
"This funding will help us to accelerate our mobile application development to provide companies with the tools they need. In fact, we will now be raising further funds as we think the opportunity is so massive we need to grab it as quickly as we can," he said.