Scottish software start-up Spoonfed lands £585,000 to help caterers
Edinburgh-based business will use latest investment to enhance its technology and enter Europe and the Far East
Spoonfed, an Edinburgh-based catering software provider, has closed £585,000 in its second round of funding from Equity Gap and the Scottish Investment Bank.
Launched in 2013, Spoonfed is a cloud-based system that helps catering companies order, plan production, plan routes, and invoice on one integrated platform – it claims its technology helps businesses unlock new markets and boost revenue.
The start-up's clients include high street chains, independent sandwich retailers and contract catering firms across the UK, US, Canada and Australia.
Following a £250,000 funding round in February last year, the company will use this latest finance to drive sales, develop its technology, create new jobs and establish a foothold in Europe and the Far East.
Willie Biggart, managing director of Spoonfed, commented: “We’re excited about growing this business because we’ve seen amazing results from customers who have implemented the software into the everyday running of their company and have had very positive feedback about the efficiencies and growth it has brought.”
Jock Millican, of Equity Gap, added:
“The founders’ experience in the industry has led to a product that directly resolves a need and their relentless work to iron out any kinks has produced a business that is financially in good shape within a very short period of time.”