TMT Investments increases investment in KitApps

Investing company TMT Investments announced on Thursday the completion of an additional investment in KitApps, as part of a $1m round led by Digital Future and TMT.

The AIM-traded firm said KitApps offers an event app platform, delivering social-first apps to thousands of meeting and event planners worldwide.

Its ‘Attendify’ product allows event planners to create a mobile app, and reduce implementation and lead times through a self-service platform.

Every Attendify app includes private social networking features that reportedly boost attendee participation, while also helping event planners capture data around in-person interactions to help optimise event performance.

It’s understood KitApps will leverage the new round of funding to further accelerate growth and product development.

“It is our third investment in Attendify, following the US$400,000 originally invested in 2013 and 2014,” said TMT executive director Alexander Selegenev.

“Attendify is an excellent company with a great product, and we are pleased to support its continuous growth.”