Biz2Mobile secures £2.5m from YFM Equity Partners to expand its analytics platform
The investment was led by British Smaller Companies Venture Capital Trusts to scale the Elemez analytics tool.
Share allotment filed at Companies House
Biz2Mobile develops software designed to manage and monitor rugged and industrial enterprise mobile devices.
Biz2Mobile, a specialist provider of software for rugged mobile devices, has secured £2.5m in funding as part of a £3.6m round led by YFM Equity Partners alongside existing backers.
The capital will be directed towards accelerating the expansion of Elemez, the company analytics platform designed for remote monitoring of mission critical mobile hardware. The fresh injection will also facilitate talent acquisition to satisfy growing demand from enterprise clients, device makers and service providers.
From the founder
"YFM’s support will be instrumental in driving our future growth as we look to further develop our offering and customer base. Elemez’ analytics are key to improving productivity for enterprises where mobile solutions are business critical. YFM’s investment will enable us to recruit additional talent to meet the increasing demand from device manufacturers, managed service providers and enterprise customers."
Julie Purves
Founder and CEO at Biz2Mobile
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
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About the company
Biz2Mobile
Biz2Mobile provides software for monitoring rugged enterprise mobile devices.