Manchester-based mobile workforce firm secures £250K
Posted on October 16, 2020 by Alistair Hardaker
Fissara, a software platform that enables its clients to plan, manage, schedule and track their mobile workforce has secured £250,000 funding in a round led by NPIF Maven Equity Finance.
The investors originally put £500,000 behind the firm January 2020.
Today’s follow on investment, which also includes £125,000 from the UK Government’s Future Fund, will help the Wythenshawe-based business capitalise on new market opportunities created by the increasing importance of digital transformation projects for UK business decision-makers, as a result of the COVID-19 pandemic.
fissara’s proprietary technology already helps a range of blue-chip clients, such as O2, Motorola, Clarke Telecom, OM-3 and Peel Land and Property Ltd, have detailed control over their resources.
The investment is designed to allow fissara to support SME recovery from the COVID-19 and ensure that its tech is at the forefront of the digital transformation.
Jon Holttum, CEO at fissara, said: “A number of the market sectors we operate in, such as Waste, Haulage, Civil Engineering and Telecoms are vital to keep the country going and even more so during the pandemic.
“The principles of our software solutions have always given our customers the ability to operate remotely and from anywhere through cloud-based control systems and mobile apps. This approach continues to support social distancing and sanitary working practices.
“This investment will further help us to address the changing needs of our clients and help support new customers to manage costs, whilst improving efficiency and productivity in the challenging times ahead.”
Dean Cox, Investment Manager at investor Maven, added: “The COVID-19 pandemic has undoubtably fast-tracked tech disruption across all markets as all stakeholders seek solutions to the complex problems and challenges they face.
“The key drivers for our initial investment remain the same, and if anything, the events of recent months validate the compelling a proposition that fissara offers. We are proud to partner with a management team and company whose innovative solutions will enable British businesses to return to work in a safe and compliant manner.”