Plans for overseas expansion
Investors serve up £585,000 for Spoonfed
Scottish software start-up Spoonfed has announced a second round of funding worth £585,000 from angel investment syndicate Equity Gap, private US and Channel Islands investors, and the Scottish Investment Bank.
Launched in 2013, Spoonfed has provided its catering software to customers throughout the UK and in the US, Canada and Australia.
The investment will be used to drive additional sales of the disruptive technology in the UK and internationally, further enhance its functionality, create jobs and establish a foothold in the Far East and mainland Europe.
Managing Director Willie Biggart said: “The funding we received last year enabled us to gain traction in the marketplace and determine the strong industry need for this product.”
Spoonfed was created by Mr Biggart and co-founder Murray McNicol who owned and operated a catering business delivering meeting room food to offices. They developed the software to automate processes to save time, reduce mistakes and increase margins.
Jock Millican of Equity Gap, said: “It was clear the founders of Spoonfed had spotted a clear gap in the market and have developed a product that is already proving popular worldwide.”
Head of the Scottish Investment Bank, Kerry Sharp said, “Spoonfed is a great example of a growing Scottish technology company bringing innovative digital technology to the catering industry. We are pleased to be able to support Spoonfed as it expands its international reach in a market ready for technological enhancement and efficiency.”