fissara secures £250k in seed follow-on funding led by Maven to advance mobile workforce software.
The round was led by NPIF Maven Equity Finance with participation from the UK Government Future Fund.
Fissara provides a software platform that enables clients to plan, manage, schedule and track mobile workforces. The technology helps businesses improve operational efficiency and reduce costs.
Software specialist fissara has secured a £250k seed follow-on investment led by NPIF Maven Equity Finance, alongside support from the UK Government Future Fund. The capital will be deployed to support small and medium-sized enterprises recovering from the pandemic and to advance the company's proprietary technology.
The fresh injection follows a previous £500k backing from Maven in January 2020. Executive leadership noted that remote working capabilities have become increasingly vital for maintaining operations and adhering to distancing guidelines across essential sectors such as waste, haulage, and telecoms.
From the founder
"A number of the market sectors we operate in, such as Waste, Haulage, Civil Engineering and Telecoms are vital to keep the country going and even more so during the pandemic. The principles of our software solutions have always given our customers the ability to operate remotely and from anywhere through cloud-based control systems and mobile apps. This approach continues to support social distancing and sanitary working practices."
Jon Holttum
CEO at fissara
Investor perspective
"The COVID-19 pandemic has undoubtably fast-tracked tech disruption across all markets as all stakeholders seek solutions to the complex problems and challenges they face. The key drivers for our initial investment remain the same, and if anything, the events of recent months validate the compelling a proposition that fissara offers. We are proud to partner with a management team and company whose innovative solutions will enable British businesses to return to work in a safe and compliant manner."
Dean Cox
Investment Director, Maven Capital Partners
