Capital Fund invests in TXT4
A company that provides automated mobile response systems for advertising and recruitment campaigns has raised ТЃ250,000 from The Capital Fund, a ТЃ50m venture capital fund that invests in fast-growth companies in Greater London. TXT4 was advised by GP Bullhound, the technology investment bank, and the round remains open for additional investors.
TXT4 works with a range of clients to turn their brand advertising into an instant response channel. Adverts, such as those used in Oxfam’s current 'I’m in' campaign, prompt consumers to text a keyword to receive further information or arrange a call from a member of staff. In the case of Ford or Vauxhall adverts, consumers might text to request a brochure, locate the nearest dealer or arrange a test drive. TXT4’s proprietary software uses complex formulae to capture and sort the relevant details, respond to the consumer by return SMS and ensure that the request is actioned by the advertiser. The company’s solutions can increase consumer response rates to adverts by up to 40%.
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