The company has secured initial pre-seed backing from team members, angels and friends to fund its next phase of application development.
"The DadShed platform is a means of modernisation for what is sometimes referred to as a property passport or building passport. A means of competing in an economy where digital transformation is becoming increasingly more prevalent and instrumental to the success of property developers. It’s not just about saving time and money with printed paper home manuals, etc… but also about providing a consolidated and reliable platform that promotes collaboration for long-term home management."
The Scottish video software provider has secured backing from BGF to fund its expansion into North America and Australia.
"Until now we’ve grown organically, reinvesting profits back into the business to help us scale. I’m extremely proud of that journey and what we’ve achieved; and now is the right time for us to take on investment. We’ve built a solid foundation and are primed for international expansion. With BGF’s backing, we can really accelerate that plan."
The seed round was backed by Cambridge Angels, Angel Academe, Syndicate Room, and Founders Factory, with Alex Hirsch leading the investment.
"The idea for Scale XP came when – particularly once the pandemic hit – we identified a huge demand among the small business community for an easy-to-use tool that can support them on their growth journey. We wanted to give them an easier way to oversee their business performance, holistically, so that they can thrive. I’m delighted by the huge interest and support from the VC community and female founder networks like Angel Academe to help us realise this mission. It’s fantastic to have Alex on the Advisory Board to help us scale the business quickly."
