Six-figure investment secured for launch down under

A Huddersfield big data firm has secured a six-figure investment from an Australian technology accelerator as it looks to launch down under.

yboo has received the funding from Black Nova Groups and it mark’s its first UK investment. yboo is an advanced, consumer-focused tool that enables for easy switching between mobile deals. To date, the free yboo app has been downloaded more than 40,000 times by members of the public in the UK.

Investment by the Black Nova Group venture fund will support yboo’s international expansion, as it looks to take its world-first technology overseas to the Australian telecoms market, alongside supporting its UK growth strategy focused on domestic talent acquisition and product development.

Martyn Gould, CEO and Founder of yboo, said: “We are delighted to have partnered with Black Nova Group to aid our launch in the Australian market. Our patented technology has the potential to help millions of Australian residents to achieve major savings on their mobile bills and thanks to the venture builders we are looking forward to realizing our international expansion plans.”

Alex Lennon, Head of Partnerships UK at Black Nova Group, added: “yboo is the natural choice for our first UK investment. Its ambitious team have created powerful and unique technology that has the opportunity to make a significant difference to the public across the world. We look forward to working in partnership with them as they scale up operations ready for new global markets.”