Teesside training company ready to launch following six-figure investment
Procenergy Training Ltd, has received a six-figure investment from Andy Preston, with Richard Bendelow, investing his knowledge and expertise by joining the Company’s board.
Created out of the frustration of Teesside-born engineers, Mike Styan and Greg Hynes, Procenergy is a secure and fully automated online marketplace that brings together buyers and sellers of industry training courses, across a range of industry sectors and trade disciplines.
The website will provide a level playing field for all training company’s regardless of size, turnover or head-count. As a fully automated e-commerce sales platform, it will give all training providers the opportunity to trade online while remaining independent throughout.
Co-Founders, Mike and Greg, were able to secure the funding thanks to a collaboration between Teesside-based Baldwins Accountants and Endeavour Partnership and hope to use it to grow the current team of five, which operates out of Middlesbrough’s Boho district.
Speaking about the deal, Mike, Managing Director, said: “This investment will allow us to get the technology exactly right, while also allowing us to attract the right members of staff to our company.
“We’re positioned perfectly to make the most of the thriving digital sector in the region and we want to tap into some of that talent, harness good ideas and create some exciting jobs.
“Greg and I feel immensely proud that both Andy and Richard believe in us as directors, and the potential of Procenergy as a company, and we can’t wait to see what the next 12 months bring.”
Baldwins’ Corporate Finance Director, Abu Ali, who worked alongside Endeavour Partnership’s Nik Tunley, on attaining the investment said: “Having worked on this deal as the lead advisor for the last six months, it’s great to see it finalised and know the launch of Procenergy is imminent.
“I believe this is an important deal for the region because it’s an example of North East-based entrepreneurs being backed by high net worth investors to build a tech based company that will work with clients globally to really help put the region on the map.”
Nik added: “The great thing about a deal such as this one, is it shows there is a strong group of private investors who are prepared to back local startup businesses.”
An official launch event will be held at 3pm on Thursday September 14 at The Fork in the Road, Middlesbrough.