Workhorse has raised £391k through a Seedrs crowdfunding campaign to expand its software offering for small businesses.
"Intelligent approaches to cloud software for SMEs have huge potential in the UK market and beyond. Not only are there huge swathes of industry that are yet to capitalise on the benefits, 94% of businesses are cited as struggling with the apps and software they are already using. Workhorse’s exceptional flexibility and deep customisation is unlike existing solutions and extremely well-placed to solve these business problems across multiple sectors."
The funding round was led by NVM Private Equity to accelerate global growth and product expertise.
"Chemigraphic has a fabulous customer base and is extremely well placed to become a significant global provider of Electronic Manufacturing Services (EMS). We are delighted that NVM shares our vision and has decided to invest in and back the team. The investment will enable us to implement planned strategic investments in our global footprint and hence capitalise on a number of extremely exciting growth opportunities. We are very much looking forward to partnering with the NVM team as we embark upon this next exciting phase in our development"
The investment round was led by Ingenious to support software development and international expansion.
"Over-C has created and developed a management tool designed to improve mobile and field-based business processes and remote workforce operations. As an active investor and manager, we are delighted to support this award-winning company, setting new standards for managing operational performance. We look forward to working closely with Over-C to delivering solutions at scale."
BGF provided the follow-on capital to support European expansion and further dealmaking.
"We have ambitious plans for growth and a strategy to add additional complementary acquisitions to our stable. We believe there’s still significant growth potential to expand into new markets, which we’re able to do with the funding and support provided by BGF."
