New Zealand software-as-a-service provider Unleashed Software has announced the completion of its most significant capital raising to date, valued at $4.5 million.
Among the backers is existing investor Craig Winkler, founder of MYOB and a prominent industry figure whose influence and expertise in the business management sector spans decades.
In addition to building out its product strategy and development team, the capital will also strengthen Unleashed’s trans-Tasman operations, particularly in sales and marketing, and allow it to invest further in its expansion in the United States.
“With the continued support of our stakeholders, we have spent the last 12 months rounding out our executive leadership team, improving our software to ensure customers have the features and functionality they need, and delivering a great support experience,” says Gareth Berry, CEO, Unleashed Software.
“The additional funds serve as a platform for growth for the 2016 fiscal year. Now it’s all about executing on our product roadmap, as well as our marketing, channel and influencer programs and campaigns.
“This will help us win further market share in Australia and New Zealand, and extend our reach to the United States and soon, the United Kingdom.”
Berry says this round of capital raising follows a successful six months during which Unleashed employed its first US staff, appointed a new Chief Technology Officer, Lisa Miles-Heal and Chief Marketing Officer, Anthony Mordech, and launched its integration with Intuit’s QuickBooks Online business and financial management software.
The company was also recently named finalist for the NZ Hi-Tech Emerging Company of the Year Award and Manufacturer’s Monthly Endeavour Award in the application category.