Yorkshire fund manager supports multi-million pound investment into London tech firm
A Leeds-headquartered fund manager has supported a multi-million pound investment into a London-based tech company.
Funds managed by YFM Equity Partners (YFM) have completed the investment into London-based planning and forecasting software and services business Vuealta.
Founded in 2017, Vuealta specialises in scenario planning and forecasting solutions for supply chain, finance and operations. The business has grown to a team of 70 staff, with offices in four countries spanning the EMEA, North America and APAC regions.
The investment will support the founders and management team as they continue their global expansion strategy alongside US-based Anaplan.
Ian Stone, founder and CEO of Vuealta, commented: “YFM are a great partner for Vuealta at a crucial stage of our development, and their investment will ensure that we can resource the business to take advantage of the opportunities we have to scale rapidly.
“Their track record with similar sized ambitious technology businesses was a key factor in our decision to partner with them,”
YFM partner David Wrench added: “YFM is backing the vision of Ian, Adam and the excellent team they have built, on the back of the rapid progress they have made in a growth market. Vuealta is a really compelling proposition that is hugely relevant in a post-Brexit and Covid global market.
“Vuealta’s position as a key partner to leading cloud-native planning platform Anaplan, which itself is seeing huge traction, gives it a fantastic opportunity to scale with the support of a multi-billion US-based disruptor.
“We are excited to be involved in this next stage of growth of an innovative British technology business with ambitious global plans, and add to our evolving stable of high-growth UK tech investments.”
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