The Wiltshire technology firm has raised debt finance from FW Capital to support its relocation and recruitment plans.
"Ours is a very niche and specialised area within the Business Service Management market place. We have spent the past several years researching and developing our technology to provide an online platform that simplifies and automates IT processes, improves decision-making, and orchestrates workflow across cloud, virtual, distributed, and mainframe resources."
The deal with Barclays will support the business as it scales its operations in San Francisco and grows its team.
"This funding will provide the support needed to execute the rapid expansion plans we have for the business, as we look to bring our DealTrack software to a wider global market."
Maven Capital Partners provided the loan through the Midlands Engine Investment Fund.
"Our business is centred around delivering products and solutions that provide significant value for our customers in order to make a real difference in people’s lives. This loan will support us with our product development plans and will accelerate our growth plans. We look forward to working with the MEIF team to achieve this."
The European Investment Bank provided the debt financing to support food waste reduction technology under the Juncker Plan.
"Winnow’s objective to help professional kitchens reduce their amounts of food waste is both good for our natural resources, and it makes economic sense. By helping businesses monitor and analyse what they are throwing away each day, using innovative technology, Winnow is empowering them to change their actions. I am proud that this project is being supported by the EU bank and the Juncker Plan."
— Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries