Growing

Wow. What a great start to the year.

We've seen a 40% increase in both new signups and new subscribers each month since December, and we're starting to see the results of our work to get friendly with even more accounting partners.

And now we can also announce that we've successfully raised a first round of external investment, led by successful serial entrepreneur Christoph Janz.

Christoph has more than twelve years of experience in the software and Internet business. Back in 1997 he co-founded German Internet startup DealPilot, one of the first comparison shopping services, funded by Bertelsmann and later acquired by Shopping.com. In 2005 he co-founded Pageflakes (www.pageflakes.com), a leading personalizable homepage backed by Balderton Capital and acquired last year by LiveUniverse.

He's been helping us out for a few months in an advisory capacity (although he's been happy to man the phones too!) and will formally join the FreeAgent Central board of directors.

We're really excited because it means we'll be able to grow the number of happy FreeAgent users more quickly, both here in the UK but also abroad, and as a result be able to plough more time back into making it even better. A virtuous circle.

And all, at its heart, made possible by our current users, without whom we could not have got this far and who continue to mould FreeAgent into a world-beating product.

Thanks everyone,

Ed Molyneux

Founder and CEO