Ex-FanDuel adviser backs Nameloop
‘Revolutionary’ contacts app seeks £250k through Crowdcube
Nameloop hopes its app will do for contact sharing what Facebook has achieved in the social space and LinkedIn for business networking.
It is raising equity finance via an Crowdcube to further develop its revolutionary digital address book which automatically organises, categorises and updates a user’s contacts, including those of business users.
Owen O’Donnell, an investor and former chairman of the sports fantasy game FanDuel and previously chief financial officer for King, the maker of Candy Crush, is investing in Nameloop.
He said: “It is a challenger brand that has the potential of being a world beater.”
The company was launched in 2013 and is now based at the Entrepreneurial Spark “hatchery” in Glasgow. It has already attracted personal users in 24 countries, enjoying growth in the region of 30 to 40% a month.
It was founded by serial entrepreneur John Wilmot (pictured) and technology expert Craig Bartholomew. They launched the first app last October and want to step up their move into the business market where sharing contact information on a targeted basis is crucial.
This is Mr Wilmot’s third start-up and he successfully exited two, including one to a company quoted on the Alternative Investment Market.
He said he is speaking to a major high street bank. “We have huge ambition and huge vision,” he said.
Daily Business has learned that the company had been in talks with Silicon Valley based investor Accel Partners but it was reluctant to get involved at such an early stage of Nameloop’s development.