Think Eleven, a Newton Aycliffe-based consultancy and software business, has received a five-figure investment from the North East Small Loan Fund.
The company provides expertise in training, competence, compliance and performance management by using its proprietary software-as-a-service product SkillStation.
The £50,000 investment through NEL Fund Managers will support improvements to its business development and sales processes, with at least three new jobs being created as a result.
As part of its ongoing development, Think Eleven has also been accepted onto RTC North’s Scaleup Programme, which aims to help businesses in the North East realise their potential for achieving high levels of growth.
"Our systems are designed to help clients develop a holistic view of their key staff, and cover personal skills and individual behaviours as well as technical abilities and qualifications," said managing director Darren Race.
"Enhancing our business development and sales resources and applying what we learn through the RTC Scaleup Programme will help us increase the speed at which we can grow, and we’re expecting to see new clients and more North East jobs following in the future as a result."
Jonathan Armitage, investment executive at NEL Fund Managers, added: "Think Eleven is moving in a very clear strategic direction which will support its scale-up ambitions and we’re very pleased to be investing in the business’s continuing development."