Flabba raises £400k from Mercia and angel investors to expand remote working software
The Leeds-based tech company secured the capital from NPIF - Mercia Equity Finance and angels to develop new platform features.
Flabba builds advanced remote working software that integrates with standard videoconferencing tools to provide a complete workflow solution. Its platform is deployed across public sector bodies and commercial enterprises.
Leeds-based remote working software provider Flabba has secured £400k in funding to accelerate its product development and expand its team. The investment was led by NPIF - Mercia Equity Finance alongside contributions from angel investors. The capital will enable the company to collaborate with partners including Zoom and Microsoft Teams on new applications, as well as integrate machine learning capabilities through Amazon Web Services.
The business provides workflow solutions used by organisations such as the Home Office and the NHS, having initially developed its platform to manage medical recruitment. With its current headcount at nine staff, the firm intends to create new roles in Leeds while scaling the Neugo platform across sectors including legal, financial advice and professional services.
From the founder
"Remote working is here to stay and we are very excited to be driving innovation to make collaboration easier and more effective for everyone. The funding will allow us to add new features, drive uptake across different sectors and establish the Neugo platform as the leader in the field."
Colin Rhodes
CEO at Flabba
Investor perspective
"Flabba’s platform is the next level in remote working and is currently the only one of its type in the market. It has already attracted some high-profile users and partners but the potential audience is huge. The investment will allow the business to build on its ‘first mover’ advantage and accelerate its growth."
Will Clark
Mercia
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
