Nuaxia raises £500k in funding

The £0.5m investment from an undisclosed source will be used to fund product development in the company’s technology centre in Budapest, Hungary. The funding adds to the £1m the company raised in seed funding a year ago. 

The company has also updated its platform and launched a Video Discussion Group capability, which clients can use to conduct focus groups via online video, expanding on its video interviewing service introduced earlier in 2017. Peter Chopra, founder and chief executive, said: "The success of our Series A funding will provide the investment funds to support those developments."