London-based social media and content planning tool ContentCal has today announced that it has raised another £610,000 in investment, bringing the total invested in the company to £1.6 million.

The investment has come from a syndicate of angel investors and existing shareholders reinvesting and will be used to drive further technology investment and marketing activities. Since the last funding round in 2017, which has been put to driving further growth and preparing the company for expansion into global markets, ContentCal has seen its revenues and user base grow at a significant rate as demand for the platform continues to rise. More than 6,000 businesses have signed up to the ContentCal platform and it is now publishing approximately 1 million social media posts every year on behalf of its customers.

The company is concentrating its efforts on scaling the business and continuing to invest in technology, marketing and sales to support its growth. It has been identified by both Barclays and NESTA as one of the tech companies to watch in the UK, thanks to its increased revenue growth and ability to raise funds as it prepares for a Series A funding round.