Teen entrepreneur Nick D'Aloisio invests in Tictail
Teenage entrepreneur Nick D’Aloisio has invested some of the £30m made from the sale of news summary app Summly to Yahoo last year in Swedish start-up Tictail.
The businesses specialises in designing customised websites for retailers free of charge, a model which is proving attractive to investors.
Since its launch in May 2012 the firm has developed 35,000 online stores in over 110 countries; including one portal for the Whitechapel Bell Foundry, Britain’s oldest manufacturing company.
The 17 year old’s move comes as Tictail CEO Carl Waldekranz launches a £4.8m funding drive led by New York based Thrive Capital in a bid to improve its consumer experience.
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D’Aloisio, who taught himself to code at the age of 12, currently works as a project manager for Yahoo!