Pre-Seed19 February 2021

Ruffly secures £300k in pre-seed funding from Techstart Ventures to expand its team and develop its product.

The pre-seed round was led by Techstart Ventures to support team growth and product development.

£300KPre-Seed

Ruffly provides software planning tools designed to reduce project failures and improve engineering efficiency using data-led insights. The Scottish startup is currently in public beta with users worldwide ahead of a full launch.

Scottish software planning startup Ruffly has raised £300k in a pre-seed funding round led by Techstart Ventures. The capital will be directed towards team expansion and product development ahead of the company's full platform launch.

Founded by former software agency owner Matt Farrugia, Ruffly aims to address widespread inefficiencies in software project estimation and delivery. The startup is currently running in public beta with international customers.

Techstart Ventures led the round, backing the firm as it prepares to transition from beta to a full commercial release.

From the founder

"The digital economy is 22% of global GDP and yet it’s an inside joke that software and IT projects often overrun. Studies have shown that two-thirds of projects have planning failures. That’s a trillion dollar collective failure of our industry."

Matt Farrugia

Founder at Ruffly

Investor perspective

"We are delighted to lead Ruffly’s pre-seed round. Matt has great passion and knowledge of software planning, and we have been hugely impressed by the ambition of the Ruffly team."