Mobysoft secures growth private equity investment from ECI Partners to fund expansion
ECI Partners led the investment with participation from returning backer Livingbridge.
Mobysoft provides predictive analytics software solutions that help social housing providers manage rental income and tenant arrears. Its flagship RentSense application is utilised by more than 140 landlords across the sector.
Mobysoft has secured growth private equity investment from ECI Partners to accelerate product development and expansion within the social housing sector. Existing backer Livingbridge also participated in the transaction by reinvesting.
The capital will support the company as it scales its operations, expands its team, and develops new predictive analytical tools for housing providers. RentSense, the firm's core cloud-based application, is currently deployed by over 140 social landlords.
Leadership at Mobysoft noted that the partnership will enable faster investment into new services while strengthening existing offerings. ECI Partners brings experience supporting growth-oriented software companies to the agreement.
From the founder
"We are delighted to partner with ECI to deliver future growth for the business and further support social housing providers and their tenants. For Mobysoft and our customers, this partnership means that we will accelerate investment into new products and services while continuing to strengthen our existing products. ECI has a strong track record supporting fast-growing software businesses and we are excited about the opportunity ahead. We’d also like to thank Livingbridge for their partnership over the last 3 years and look forward to their continued support."
Alexander Karle
CEO at Mobysoft
Investor perspective
"We are delighted to be partnering with Alex, Derek and the team. Mobysoft is a market leading software business at an exciting stage of its development, led by an ambitious and high-calibre management team. We are looking forward to working with the business to help deliver the next phase of growth."
Stephen Roberts
Partner, ECI Partners
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
