The deal is one of the first for K-Incubator, which launched in February this year.
Shareout develops internet software that adds a visual presence at the top of a Web page allowing tailored information and advertisements to be delivered to users as they surf.
K-Incubator was the principal adviser in assisting Shareout with its plans.
The funding was provided by Leeds-based investment company Abstract Securities, which specialises in providing seed capital and management advice.
Mark Thompson, Shareout’s chief executive, said: ‘This funding will help us to move closer towards our goal to perfect the art of internet communication through the development of innovative technology.’
Shareout’s technology aims to allow companies to profile users and identify individuals’ access speed which can then be used to deliver customised information and high bandwidth content such as video and sound.
KPMG’s Clive Hyman, head of K-Incubator, said: ‘Their focus on controlled expansion and the ability to deliver returns to its investors early in the company’s development and help drive the business forward.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.