Codeable, Danish platform that addresses WordPress related issues, received an investment of about one million Danish kronor from Cat Science, reports TrendsOnline. The money will be used by Codeable for further development of WordsPress installations.
Per Esbensen, company’s co-founder and CEO, has had a long dialogue with a few investors over time. Since its launch in 2012 Codeable has shown strict budgetary discipline as well as high growth rate spurring interest among investors.
“I’ve talked to Codeable before Christmas last year when they made a demo for me. They sent me an update on how things have been going so far which proved that they have been really good to stick to and learn from the ongoing process,” says Cathal Mahon from CAT Science and continues.
“There has been evidence that they have taken constructive comments from customers and partners and made their product better.”
According to Per Esbensen with the money in the house Codeable is ready for the next level of its development which involves promotion campaigns and expected growth rate of 40% per month.