Vuealta has secured a multi-million round of investment from YFM Equity Partners, which it states will allow the company to maintain its consistent growth and support its plans to expand internationally.
The funding from YFM will enable the business to carry out its overseas expansion strategy alongside global partners Anaplan, a planning software company headquartered in the US.
As part of the investment, private technology investor Dominic Ely, who has supported several other technology businesses, will also invest alongside YFM and become a non-executive chair.
“Vuealta is a really compelling proposition that is hugely relevant in a post-Brexit and Covid global market,” said David Wrench, YFM (pictured far left) partner who led the investment. “Its 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. 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.”
This latest funding round comes as the business continues to experience growing demand for its solutions, with global brands like direct-to-consumer beauty company Glossier, co-operative dairy company Fonterra and outdoor gear specialist Helly Hansen on its books. This success demonstrates growth in every geography where Vuealta operates, including the US, APAC and EMEA, it adds.
“YFM is a great partner for Vuealta at a crucial stage of our development, and its investment will ensure that we can resource the business to take advantage of the opportunities we have to scale rapidly,” said Ian Stone (pictued far right), CEO and co-founder of Vuealta. “The company’s track record with similar-sized, ambitious technology businesses was a key factor in our decision to partner with them.”
Vuealta co-founder Adam Bimson added: “We want to build on our progress in the UK, US and Asia Pacific where we’ve seen great early traction and need to resource expansion. YFM understands the opportunity to capitalise on what we have built to date to grow alongside the Anaplan business and platform.”
