OTTY Sleep Online, the Leeds-based mattress retailer, is being supported by Northern Powerhouse Investment Fund (NPIF) as it expands into Europe.

Provided by FW Capital – Debt Finance, the six-figure boost will help the Yorkshire ecommerce business to expand its product offering as well as driving its presence on the continent.

Founded in 2016 by CEO Michal Szlas, OTTY Sleep is a provider of ‘bed-in-a-box’ mattresses. Michal said: “At OTTY, we’ve seen a huge growth over the past 12 months, which has resulted in a record year-on-year turnover.

“However, the European expansion, introduction of new products and an increase in the B2B trade all have an effect on our cash flow – an aspect which is an essential part of any business, especially a young start-up that has not had the sufficient time to raise the total capital to help the company grow.

“We are excited to work with FW Capital, as we know it’s a move which will ultimately allow OTTY to continue its natural growth.”

FW Capital deputy fund manager Nicky Atkinson commented: “Growth capital is critical to all businesses and especially fast growing companies like OTTY.

“OTTY’s growth trajectory is impressive and we are confident this will act as the stepping stone for its expansion into Europe.”