Software company Condeco clinches $30m investment

London-based workplace management software provider set to accelerate expansion across US, Europe and Asia

Condeco, a London-based software company, has secured $30m in funding led by Highland Europe.

Founded by Paul Statham – featured in our business success stories section – in 2005, Condeco develops a suite of workplace management tools to help its clients do everything from running meetings to providing staff with collaborative spaces.

The 250-strong company, which achieved revenues of £15m last year, already works with major brands such as Barclays, Reuters and Unilever and has offices in 12 locations around the world.

The funding will allow Condeco to accelerate its expansion across the US, Europe and Asia.

Statham said: “This investment comes at the perfect time for Condeco, as it will fuel our growth as we pursue further strategic acquisitions across North America, Europe and Asia Pacific.  We will also invest in our solutions for the vitally important small business market.”

Laurence Garrett, partner at Highland Europe, added: “In Condeco, we are teaming up with an established, proven business, whose success is matched by their hunger and vision for innovation and further market development. Paul is that rarest of breeds – a seasoned operator, fired up with entrepreneurial passion, who’s on track to create a new gold standard in office and workplace technology.”

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