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United Kingdom : VELA TECHNOLOGIES makes investments in funding plan for Social Superstore

May 23, 2014

Vela Technologies PLC recently declared that it is injecting GBP100,000 in a funding plan for The Social Superstore in return for 2.5% of the firm.

For the social commence program, investment firm that aims on early stage and pre-initial public offering technology investments, funds was in a GBP1 million series B funding plan.

As per the firm, earlier, in UK, Social Superstore is planning to move in fourth quarter.

Vela Technologies also added that, investment which is due for payment on or before July 3, will be applied to create the platform and places a pre-money valuation on The Social Superstore of GBP3 million.

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Source: TendersInfo (India)

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