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01/02/2017

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.”