Software platform fissara receives fresh £250K investment

Software platform fissara has secured a £250,000 boost on the back of an NPIF Maven Equity Finance-led funding round.

Fissara allows clients to plan, manage, schedule and track their mobile workforce as they move, and its technology is used by the likes of O2, Motorola, Clarke Telecom, OM-3 and Peel Land and Property.

The investment will allow fissara to continue to support the SME sector in its recovery from the COVID-19 pandemic and ensure that its proprietary technology is at the forefront of the digital transformation of the economy.

NPIF Maven Equity Finance originally invested £500,000 in Fissara in January 2020. The follow-on boost also includes £125,000 from the UK Government’s Future Fund and will help the company capitalise on new market opportunities created by the increasing importance of digital transformation projects.

Remote working solutions, such as fissara’s, are helping businesses overcome one of the biggest current organisational challenges, ensuring they not only remain operational, but have a robust platform in place for future growth.

Chief executive Jon Holttum said: “A number of the market sectors we operate in, such as waste, haulage, civil engineering and telecoms, are vital to keeping the country going and even more so during the pandemic.

“The principles of our software 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.”

Dean Cox, investment manager at Maven, added: “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.”

Maven was advised by Shoosmiths.