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Windfarm Software Firm Kinewell Lands First Investment From North East Accelerate Fund

The £1m round will help the business almost double in size within six months, creating 10 jobs.

By North East Founders · North East
Key points
  • Kinewell has raised £1m of investment.
  • It includes the first investment from the North East Accelerate Fund, managed by Mercia Ventures.
  • The company plans to create 10 new jobs.
Wind turbines off the coast at Blyth.
Wind turbines off the coast at Blyth. Photo: Andrew Curtis / Wikimedia Commons, CC BY-SA 2.0

Windfarm software and consultancy business Kinewell has raised £1m of investment to fuel its expansion.

The round includes the first investment from the new North East Accelerate Fund, which is managed by Mercia Ventures.

Doubling in size

Kinewell plans to almost double in size over the next six months, creating 10 new jobs.

The business is led by founder Andrew Jenkins.

The North East Accelerate Fund is part of the Mayor’s £100m regional investment framework, administered by The North East Fund.

Sources: BusinessLive · Newcastle Tech Digest. Spotted a mistake? Tell us.
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