Investors back Isle of Wight developer

By Ross Findon

Monday, July 14, 2014

 

Investors back Isle of Wight developer

Benjamin Dyer of Powered Now.

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.

Reporter: ross.findon@iwcp.co.uk

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by carl palmer

15th July 2014, at 12:31:08

david - how much are you going to invest in our bridge. lets get the fund rolling now :-)

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by David Blackford

15th July 2014, at 06:16:37

I'm sure you're right Steve - Just keeping the subject alive

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by Alex Pick

14th July 2014, at 22:19:27

Drinks on him?

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by Steve Smith

14th July 2014, at 16:11:30

Off you go then, Mr Blackford. Let's see how much you can raise and therefore prove it once and for all.

I'm betting you wont raise enough to even build the gate!

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by T Rollingsworth

14th July 2014, at 15:30:28

Good to hear. Not enough software development on the Island.

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by David Blackford

14th July 2014, at 15:26:54

Shall we try the same thing to finance that bridge? - Investors would be queuing up

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by Mat Thomas

14th July 2014, at 15:03:21

For an App. ?!!

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

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