The Lincolnshire technology firm raised the capital to support team expansion and meet rising demand for its remote event planning software.
"I’m delighted to see Iventis make huge leaps forward in its growth. The company is recruiting talent from within the events industry, which has suffered immensely during the pandemic. We already have high-profile early adopters of the Iventis software, many of which are relying on its capabilities to reschedule and redesign their events."
The Leicester software developer raised follow-on capital from regional funds and government backing to expand its team and global reach.
"Financial services are one of our key industries here in Leicester and Leicestershire, so I’m very pleased that the MEIF was able to support a business that is taking an innovative approach to helping businesses manage profitability. The LLEP is committed to supporting our businesses through COVID-19, so it’s great to see such a streamlined solution to rebates that will be of great benefit to the wider business community."
— Kevin Harris, Chair of the Leicester and Leicestershire Enterprise Partnership Board of Directors
The round was led by the Cass Entrepreneurship Fund alongside matched backing from the Government's Future Fund.
"Positive behaviour change in individual travel modes generates increased physical activity, a shift change in transport and significantly reduces CO2 . Healthier lifestyles, improved air quality and a major contribution to climate change ensue. The forward thinking of the CASS Entrepreneurship Fund and the innovation of the Government’s Future Fund Scheme ensure that BetterPoints technology can be developed further, through the Covid-19 pandemic, to accelerate this behaviour change – and produce a rich seam of data – with the public sector and private businesses, in the UK and internationally"
The funding round was led by Seraphim Capital and Opea Holding to support research and development and go-to-market efforts.
"We are so pleased that Seraphim Capital and Opea Holdings are continuing to invest in Bamboo with another strong show of support for our unique server architecture,"