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Aero Commerce

Bio

Aero Commerce is an in-house developed, highly scalable and secure ecommerce platform which allows retailers to have professional, feature rich and future proof ecommerce sites built by Aero’s agency partners. Aero partners with digital marketing, web design and ecommerce agencies to provide all of the functionality that the majority of retailers need, its open source license allows further development flexibility to agencies and retailers.

Deal size

£750,000

Region

Newcastle

Funding need

Sales and marketing and job creation

Sector

Technology

We are excited to work with Maven on the next stage of our growth journey. The investment provides the perfect springboard to progressively develop the platform and take it further to market.  

Richard Bendelow
CEO of Aero Commerce

Growth Journey

Aero is led by a highly experienced senior management team, and headed up by CEO Richard Bendelow, who co-founded and led the growth of Visualsoft, one of the UK’s largest ecommerce agencies, before selling the business in a management buyout in 2014.  Richard is joined by former colleagues Matt Burton and Tim Spratt who were respectively Chief Technology Officer and Senior Developer at Visualsoft.

A recent report by Retail Economics predicted that the internet is expected to account for 53% of UK retail sales in 10 years’ time, as younger people who have grown up with the internet will soon represent more than half of the country’s adult population. The December’s IMRG Capgemini Sales Index showed that online sales in the UK grew by 11.8% in 2018, whilst the same index confirmed UK online retail market grew 9.4% year on year in February 2019.

The funding will enable Aero to invest in its sales and marketing activities and open an office in Newcastle. This will also allow the business to create a number of new roles and deliver on its ambitious expansion plans, while continuing to roll out several exciting product enhancements.

Could the North East Development Capital Fund help support your growth journey?

If you’re running a North East business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions: 0191 731 8590

 

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