SharpCloud Software secures £4.5m in Series A funding from YFM Equity Partners to scale its enterprise visualisation platform.
YFM Equity Partners led the Series A round to support team expansion and international growth for the software provider.
SharpCloud Software provides a visual data analytics and business intelligence platform that helps large organisations map complex information and support executive decision making. The company serves enterprise clients globally, including major manufacturers and government bodies.
SharpCloud Software has raised £4.5m in a Series A funding round led by YFM Equity Partners. The capital will be deployed to scale operations in the UK and the US, expand the workforce, and accelerate the rollout of its enterprise software product.
Founded in 2012 by Sarim Khan and Rusty Johnson, the company has experienced rapid adoption of its business intelligence tools over the past two years. Its platform is utilised by large enterprises and public sector organisations to replace static presentations with dynamic data visualisations.
YFM invested via its British Smaller Companies VCT, British Smaller Companies VCT2, and YFM Equity Partners Growth II LP funds. The transaction was supported by corporate finance advisors and legal teams from James Cowper Kreston, Gateley, and Osborne Clarke.
From the founder
"We’re really excited to have found and partnered with an investor that understands and shares our vision. This round of funding comes at a time where we have begun to experience rapid growth, with the SharpCloud product continually garnering rave reviews and subsequent viral effects taking hold. We’re now able to capitalise on the huge opportunity that lies ahead. We have built a great relationship with Adam and Jamie during the process and have enjoyed their straight-forward and pragmatic approach. We’re delighted to have YFM join the team."
Sarim Khan
Co-founder and CEO at SharpCloud Software
Investor perspective
"SharpCloud are solving a key business problem that large organisations have contended with for many years – ‘how best to use the large quantities of data to inform complex decision making and to shape business strategy?’, removing the need to inform decisions using static slide deck presentations built upon hotchpotch datasets."
Adam Hart
YFM
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
Categories
About the company
SharpCloud Software
SharpCloud Software develops enterprise visualisation tools to help organisations map complex data and drive executive decisions.