Social Media Tool ContentCal Brings Total Investment to Over £1 million
London-based social media and content planning tool ContentCal has today announced that it has raised a further £470,000 investment, bringing the total invested in the company to £1.05 million. The most recent round of investment will be used to drive further growth and prepare for expansion into global markets.
To date, ContentCal has seen its revenues and user base grow at a significant rate and demand for the platform continues to rise.
In just under two years, ContentCal has grown from two to 26 people and is now used by clients including Honda, Lebara Mobile, Oxford University and SSE. With more than 2,000 customers signed up, the business is now preparing for a Series A to enter the US in 2018.
Backers include existing shareholders reinvesting and the addition of new angel investors, most notably James Murray who sold AIM-listed business Alternative Networks for £165 million in 2016.
Alex Packham, founder and CEO of ContentCal, commented, “Building ContentCal has been a huge journey. We started out as a small social media marketing agency with big ambitions but it was when we decided to focus and invest our efforts in the software business for social media that everything changed.
“The ContentCal platform has enabled us to scale our best practices for managing social media content to agencies and brands, and this a real game changer. We are confident that the product offers something unique to the market and we are working hard to make it the number one tool for social media planning and management.”
ContentCal offers a single platform from which businesses and teams can manage the planning, publishing and collaboration of social media content. The simple and easy-to-use UI – based around the format of a content calendar– has been designed to naturally replace the documents that social media managers traditionally work with. The platform is considerably more affordable than other tools offering similar levels of functionality but there is currently no other product on the market that offers planning, publishing and collaboration all in one place.
As well as targeting brands’ in-house social media teams, ContentCal is also focused on bringing the product to freelancers and small agencies doing social media management for SMEs and big brands.
“We believe there needs to be more transparency in terms of the large volume of work carried out by both brands and agencies in order to maintain a successful social media presence,” added Packham. “ContentCal aims to support brands with their vision and provide them with the tools to succeed.”
The company’s plans for the future include investing in new technologies such as blockchain and AI, in order to significantly improv
