Funding round success

Oct 31, 2013
By Erin
Funding round success

We have some exciting news to announce, we’ve successfully secured a multimillion-dollar investment! This will give a massive boost to our international expansion, particularly in Australia and the United States.

As the NZ Herald announced this morning, four million dollars of new capital has been secured from three local investment funds, as well as Unleashed employees. This latest funding round was led by Milford Asset Management’s Active Growth Fund and the Milford KiwiSaver Active Growth Fund, managed by Brian Gaynor.

Brooke Bone, Senior Analyst for the Milford funds, said “Unleashed provides an innovative, specialised, inventory management software system that adds to the strength and usability of cloud applications, such as Xero. The business is positioned to benefit from the global move to cloud computing. This investment reinforces Milford’s commitment to established growth companies with an exciting future.” 

Two other prominent investment funds also injected capital: Lewis Holdings, the investment company for Sir David Levene and K1W1, an investment company owned by Sir Stephen Tindall.

Our CEO, Gareth Berry, was delighted when the good news came through and may even have had an extra spring in his step.
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Gareth Berry, Unleashed CEO

 

Author Erin

Erin Edwards, Communications Executive, enjoys being part of the rapidly changing SaaS space and writing about the part that Unleashed plays in customers' success.

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