OneUp Sales secures £1.5m from Midlands Engine Investment Fund and Mercia Ventures to expand in the US
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The follow-on investment will help the sales management platform grow its presence in the United States and develop its product.
OneUp Sales provides a gaming technology platform designed to manage and motivate corporate sales teams. Based in Tamworth, the company helps clients track performance and run automated online competitions.
OneUp Sales has raised £1.5m in follow-on funding from the Midlands Engine Investment Fund and Mercia Ventures. The fresh capital will be directed towards expanding the company customer base in the US market and advancing product development.
The Tamworth-based firm currently employs 40 people and reports an annual recurring revenue of £2.7m. This latest transaction follows three previous investments from the same backers, taking the total capital secured by the platform past £5m.
Investor perspective
"OneUp Sales has been a pioneer in the field of sales management systems. Mercia supported it from the start and it has been rewarding to watch its continued growth and development. We look forward to working with Derry, James and the team as they continue to scale the business."
David Baker
Investment Manager, Mercia Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
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About the company
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OneUp Sales
OneUp Sales builds gaming technology to manage and motivate sales teams.