Scottish tech start-up Allthings raises £400,000 to help businesses “simplify” tasks
Scottish Investment Bank leads deal in subscription-based task listing platform
Cloud-based business app Allthings has today closed a £400,000 funding round backed by the Scottish Investment Bank and a group of local investors.
Launched in April 2013, Dundee-based Allthings offers a “user-friendly” task listing system, available on mobile, laptop and desktop devices, which allows workers to update and share tasks in real-time and avoid having to “constantly dig through their emails for task details”.
Since launch, the subscription-based platform has attracted over 3,500 users and it intends to use the investment to expand its existing user base.
It also plans to double its staff headcount, which currently stands at five employees, by the end of the year with a long term goal to have 15 employees by 2016, when it predicts the company will be profitable.
Kerry Sharp, part of the Scottish Investment Bank team, discussed the investment:
“The funds will assist the company to realise its ambitious growth strategies and deliver long-term results for both the local Tayside economy and the Scottish economy as a whole.”