Eserv secures investment from Vespa Capital to support international growth
Vespa Capital has backed Eserv to accelerate international expansion and technology development.
Eserv provides digital twin SaaS solutions for complex industrial assets, enabling remote analysis and consolidated data management. The company serves global energy operators with software that reduces onsite survey costs and carbon footprints.
Energy Services International, trading as Eserv, has secured an investment deal from Vespa Capital. The transaction, completed on 23 December 2022, was for an undisclosed sum and will support the company as it expands internationally, grows its team, and develops its AS-TEG digital twin technology.
Founded in Aberdeen, Eserv provides 3D digital twin software designed to help energy companies maintain complex industrial assets remotely. The fresh funding will enable the business to build upon its organic growth across three continents as it enters its next phase of expansion with Vespa Capital.
From the founder
"After performing a strategic review we set out to find an investment partner that would help strengthen our balance sheet to super charge our international growth plan, as well as further invest into our staff and technology development. Vespa Capital was able to demonstrate a very credible track record of growing technology enabled companies and adding real value to management teams through mentoring."
Dan Millard
Founder and CEO at Eserv
Investor perspective
"Dan and the team at Eserv have developed an impressive and innovative solution that has a proven track record of providing a quick positive return on investment when implemented; this is driving the rapid adoption of digital twin technology. We have been impressed by the growth the team have achieved and are looking forward to our partnership during this exciting next phase"
Khidhr Shafiq
Director, Vespa Capital
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Continue product development
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About the company
Eserv
Eserv develops digital twin SaaS technology for complex industrial assets.