Deazy secures £5m Series A funding from Puma Private Equity to expand commercial and development teams
Puma Private Equity backs developer marketplace Deazy in a £5m Series A round aimed at scaling commercial operations.
Deazy operates a developer marketplace platform that connects enterprises and agencies with curated technical teams. Founded in 2016, the London based firm provides access to thousands of software developers.
Deazy has secured £5m in a Series A funding round provided entirely by Puma Private Equity. The developer marketplace platform will direct the capital towards scaling its commercial operations, enhancing its platform capabilities and expanding its development teams.
The business experienced rapid growth over the previous year, aided by rising global demand for technical talent and regulatory shifts affecting contractor employment. The fresh investment is intended to support the company as it transitions towards a fully self-serve platform model and pursues further expansion.
From the founder
"There has long been a shortage of development talent around the world, but this has only accelerated sharply since the pandemic and the subsequent focus on digital transformation"
Andy Peddar
CEO and co-founder at Deazy
Investor perspective
"The global demand for developers is vastly outstripping supply, which is what made Deazy such a compelling proposition for us"
Kelvin Reader
Investment Director, Puma Private Equity
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
Investors
Categories
About the company
Deazy
Deazy connects businesses with handpicked software development teams through a curated marketplace platform.