Tahdah Verified raises £1m in seed funding led by Alliance Fund Managers to scale operations.
The investment round was led by Alliance Fund Managers with participation from the Development Bank of Wales.
Tahdah Verified is a technology specialist based in Llandudno that provides a multi-tenant cloud-based software platform for awarding bodies, training providers, and membership associations. The system offers real-time data insights alongside a verified lifetime record of achievement for end users.
Tahdah Verified has secured £1m in a seed funding round led by Alliance Fund Managers. The investment includes £750k from AFM and £250k from the Development Bank of Wales, marking the latter's first co-investment with the Liverpool-based fund manager.
Founded in 2016 and based in Llandudno, Tahdah provides a cloud-based platform for training providers, membership organisations, and employers. Its clients include Mountain Training and the Royal Life Saving Society UK.
The capital will be used to expand the business through platform development, the creation of new jobs in Llandudno, and the opening of a new office in Liverpool.
From the founder
"We’ve worked hard over the last few years to develop Tahdah as a secure online feature-packed management system that can be tailored to meet the bespoke needs of our customer base."
Neil Rylance
Chief Executive at Tahdah Verified
Investor perspective
"We are delighted to be backing Neil and the team at Tahdah’s expansion into Liverpool. We were impressed by the traction Tahdah has with its current clients as well as its potential to scale, and are excited about its future. We are also very pleased to be co-investing with the Development Bank of Wales, who are forward-thinking and hands-on investors who understand the challenges of running a technology business."
Marc d’Abbadie
Head of Equity, Alliance Fund Managers
Use of funds
- 01Grow the team
- 02Continue product development
- 03Scale operations
Investors
Categories
About the company
Tahdah Verified
Tahdah Verified develops a cloud-based software platform for training providers and membership associations.