Foresight Group has made an investment in Postworks on behalf of the Midlands Engine Investment Fund.
This is Foresight’s third MEIF investment since its launch in February.
Postworks is an online franking company providing small and medium sized businesses with a software-based alternative to franked business post.
Using Postworks’ software platform, businesses can ‘drag and drop’ their post for electronic sorting, printing and folding at Postworks printing centre before being handed over to the Royal Mail for delivery.
The Northampton-based company was launched late 2016 by James and Marvee-Lisa Booker.
The investment will support the continued growth of the company with the recruitment of additional staff to add to their product development team.
Over the next five years Postworks plans to open eight strategically placed print centres to reduce the transport of physical mail items and take steps to making post a more environmentally friendly communication channel. Additionally, funds will be used to enable focus on operational development and the creation of new technologies to increase production capacity.
James Booker, Founder and Commercial Director of Postworks, said: “We are removing the barriers that the SME market face when sending post, like long franking contracts and complicated pricing structures. More importantly, we are giving the postal industry a much-needed push into the digital age and we are looking forward to working with Foresight and the wider team on this.”
Rodney Appiah, Director at Foresight Group, added: “We are very pleased to have made this investment into Postworks and look forward to working with James and Marvee-Lisa to scale this innovative and disruptive technology business. Postworks is a great fit for the Midlands Engine Investment Fund and a good example of the vibrant start up community in Northampton.”