Xergy raises £4.25M for Work Automation Platform
Xergy Group Limited (Xergy) recently announced the closing of a £4.25 million Series A+ fundraise to significantly scale-up Proteus, its software-as-a-service (SaaS) work automation management offering. The raise saw follow-on investment from a majority of existing investors, including an additional £1 million investment from Scottish Enterprise, which has previously supported the company with a Research and Development Grant of up to £425,000 and Early Stage Growth Challenge Fund investment. Other investors include early Proteus customers who have become strong advocates of the benefits to their businesses.
James McCallum, Founder and Chairman at Xergy, said: “We are delighted to today be announcing the successful close of our fundraise. The last few years of developing Xergy have been incredibly enlightening, and this investment is a great result of the effort of the team. I would also like to thank our shareholders for their continued support, and our new investors for instilling their confidence in Xergy. As we move forward, we are focussed on developing products that are aligned with the essential need of businesses to embrace both the energy transition and digital transformation. We are pleased to have the support of Scottish Enterprise in helping companies make this transition by improving upon their agility and business efficiency through digitalisation.”
With Proteus, Xergy defines a new category of software to suit the shift towards leaner business models, providing clients with an end-to-end solution for talent acquisition and project management.
Announcement: Xergy raises £4.25M for Work Automation Platform