Manchester-based software company MPD Group is celebrating an additional £3.85m development capital fundraise. The new capital will be used to continue the development of Electio, MPD’s revolutionary new delivery management platform, which has cost more than £2m to develop. It will also help to grow delivery comparison site My Parcel Delivery and to further strengthen the group’s executive team.
The latest deal was led by NVM Private Equity, which invested £2.5m, with Praetura Capital and Seneca Partners following with their money.
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