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Birmingham Post
Birmingham Post
Business
Coreena Ford

North East deals of the week: key contracts, acquisitions and investments

A pair of Tyneside motorsports fans who met in a queue for the bar sealed a £200,000 investment for their new tech startup.

Tom Bunten and Nikhil Patel had never met each other before going to a networking event for the Ignite Accelerator at By The River Brew Company last year. During the key social event for the tech industry they found themselves standing in the same circle of people with angel investor Kevin Beales, introducing themselves and talking about their startup plans.

Now the duo’s startup, called Grid Finder, has raised £200,000 to develop the platform which helps racers find racing and helps esport community managers manage their race calendars, results and standings, communication and much more. The investment comes from an angel syndicate led by Mr Beales.

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