Trans-Tasman inventory management software-as-a-service (SaaS) start-up, Unleashed Software, has raised $3 million in capital to fuel its continued expansion locally and abroad, and in support of the ongoing development of its software.
This round of funding is comprised of a mixture of new and existing backers, including repeat investors Craig Winkler (founder of MYOB), Milford Asset Management, and Sir David Levene’s investment company, Lewis Holdings.
To date, Unleashed Software has raised more than $18 million in capital.
Specifically, in addition to further developing its SaaS platform, the capital will be invested in increasing Unleashed Software’s footprint in A/NZ and in the US; the upcoming launch of a new office in the UK; and expansion into newer regions – including South Africa, India and Hong Kong – through business partners.
“Over the past 12 months, our reach into offshore markets has really picked up steam,” Unleashed Software CEO, Gareth Berry, said.
“We have been fuelling our expansion while growing our product and this capital investment will enable us to accelerate those efforts substantially. With increasingly-global capabilities, we can now support our customers – whether they are in wholesale, manufacturing or distribution – on an international scale.”
Berry added that now that the company has executed on this raise, its attention turns to extending its footprint in more established markets, while also capitalising on opportunities globally through channel partners and consultants.
“This outreach will be driven by our increased engagement and support capabilities, resulting from a more efficient allocation of internal resources,” he added.