Innovation tech startup Sideways 6 has raised £500,000 from investors including LastMinute.com co-founder Brent Hoberman, just two years after its launch.
The company is an ‘idea management’ startup that helps large organisations to collect, manage and act on employee ideas, insight and feedback, with the simple aim of helping their clients build better companies with happier employees.
After a successful seed funding round, Sideways 6 has raised £500,000 in funding from Hoberman and members of the 24 Haymarket group. The investment will be used to further advance the business, widen their potential reach and bring in new staff to what is already a profitable company.
Sideways 6 is led by 26-year old entrepreneur Will Read, who has recruited a team of seven employees to operate across London and Minsk, Belarus. Read launched the company in April 2015, backed by £100,000 in angel investment, and turned a profit less than a year into trading. It currently counts several big British businesses amongst its clients, including British Airways, BP, British Gas and Virgin Trains.
Of the funding round’s success, Read said: “Sideways 6 has been growing rapidly, in part thanks to a great working environment and a great team. We’ve already seen a lot of interest from large companies who are committed to listening to their employees and employees that are really enthusiastic about having their voice heard, too.”
“This latest funding serves as a fantastic platform for future growth and will enable us to attract the very best people for some of the senior roles we are now recruiting for.”
Sideways 6 are now focused on developing their product, attracting new clients and recruiting for roles in engineering, delivery, marketing and business development.