FW Capital invests in Roxoa Group in record time
Digital marketing specialist Roxoa Group has boosted sales
after securing a six-figure investment from FW Capital through the
Finance for Business North East Growth Plus Fund.
The cash injection allowed the Team Valley-based firm, which
runs the online stores QP Jewellers and Watchtag, to boost its
marketing drive for a successful Black Friday campaign, as well as
providing a foundation to recruit additional staff and launch news
sites and brands.
The money was invested from the North East Growth Plus Fund
managed by FW Capital, while law firm Watson Burton and accountancy
practice UNW also helped to shape the deal.
Matt Silversides, Roxoa Group director, said: “The investment
was a huge boost for our business and we’re delighted to have
succeeded even though time was against us. With all the pieces in
place, FW Capital were able to complete the deal in record time to
enable us to take advantage of this marketing opportunity.”
Michael Vassallo, Senior Investment Executive at FW Capital
said: “As a result of the funding, Roxoa will be able to recruit
additional staff and fast-track their marketing and advertising
programme. It’s an exciting business with excellent growth
potential in a dynamic, fast-moving sector.”