Right Coverage secures £20k Pre-Seed investment on £40k MRR

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20th March 2021

Halifax – UK

www.rightcoverage.co.uk announce the closure of a pre-seed round to aid cashflow as they grow monthly recurring revenue (MRR) from the current 40K to 100K.   Initially bootstrapped, rightcoverage have grown to 40K MRR in less than 15 months from launch.

The raise terms were at a sensible pre-money valuation of 2.4M and rightcoverage quickly raised ~20K in less than 14 days.

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Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.

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