14 June 2023

OneUp Sales secures £2.3m from Mercia and MEIF to enhance its platform and launch a commission tool.

The funding was provided by the MEIF Proof of Concept and Early Stage Fund alongside Mercia's EIS funds.

£2.3M

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 secured £2.3m in a fresh funding round backed by the MEIF Proof of Concept and Early Stage Fund and Mercia's EIS funds. The capital will be allocated towards enhancing the company's existing platform and launching a new commission management tool later this year.

The raise follows a period of rapid expansion for the firm, which doubled its staff and grew annual revenue by over 115 percent during 2022. The platform currently serves more than 250 companies across the UK, particularly within the recruitment sector.

From the founder

"We are excited about this new chapter at OneUp Sales. Our growth and this successful fundraising round validate the impact we’re having on hundreds of sales teams around the world. With the support of our investors, we are well prepared to pursue our vision and deliver even greater functionality to our clients; our upcoming commission management tool is set to be a gamechanger for finance and sales teams everywhere."

Derry Holt

CEO at OneUp Sales

Investor perspective

"The MEIF supports the expansion and development of Midlands based SMEs that are innovative and have growth potential. This proof-of-concept funding for OneUp Sales will not only help the platform to enhance its existing product but also to launch a new solution as part of its business growth which will bring a positive impact for the wider region through the creation of new job roles."

Keira Shepperson

Director, British Business Bank