SamsonVT secures £3.8m seed funding from Par Equity and Blumberg Capital for product development and market expansion
The Manchester based technology start-up raised £3.8m in a seed round led by Par Equity to fund international expansion and product development.
Manchester based SamsonVT develops interactive digital platforms that replace paper manuals with 3D models for industrial maintenance and after sales management.
Manchester based SamsonVT has secured £3.8m in seed funding to support its international expansion and product development. The investment round was led by Par Equity, with participation from Blumberg Capital. Founded in 2017, the company provides interactive 3D platforms designed to replace traditional paper manuals for industrial maintenance engineers.
The fresh capital will be directed towards scaling production, enhancing existing services, and pushing into new global markets, particularly the United States. SamsonVT works with major manufacturing clients including Lotus and Norton Motorcycles, deploying technology aimed at improving order fulfilment and supply chain efficiency in the industrial sector.
From the founder
"Having the support of Par Equity, Blumberg Capital and Sand Hill East is a powerful endorsement of SamsonVT which demonstrates belief in the company’s potential – we are thrilled to have their backing. There is a huge desire for smart technologies that help OEMs improve customer service, while also allowing them to operate more efficiently and in a more sustainable way. We can help them achieve these goals and this funding will enable us to provide our solutions to more organisations far sooner."
Sam Burgess
CEO and co-founder at SamsonVT
Investor perspective
"We are excited to partner with Sam, Ed and the entire SamsonVT team including Par Equity and Sand Hill East,"
Stanton Green
Senior Director, Blumberg Capital
Use of funds
- 01Continue product development
- 02Expand into international markets
