Technology company Xergy has raised further investment of £3.1m to build on the success of its Proteus project management software. Xergy is a global company with offices in Aberdeen, Broughty Ferry, Dubai and Perth, Australia.
The latest investment round was significantly oversubscribed and supported by both our existing investment base and a number of new strategic investors. From its founding in 2018 to this latest Series A+ round offering, Xergy has raised over £10.2 million.
Colin Manson, co-founder of Xergy, said: “This successful funding will enable us to hire new talent and expand our in-house development team focused on building Proteus’ generative AI. Additionally, this pay increase will support our growth into Australia and our planned entry into the US in late 2024.”
Xergy offers a complete working solution for project management through its software platform Proteus, a feature-rich project management tool that meets the demands of complex projects, global teams, and ambitious goals.
Proteus is used by multiple organizations, including major UK energy customers and engineering firms around the world, to support digital transformation and dramatically improve project delivery.
The software is popular with customers thanks to its intuitive ease of use as well as its proven ability to increase efficiency by reducing unnecessary costs and increasing uptime and project profitability. It has been proven that there is. It seamlessly integrates with third-party ERP, HR, and finance software, enhancing its functionality and providing a single source of visualization for all your projects and data.
Giving project managers easy access to actionable insights provided by project management data sets Proteus apart for both users and investors.
Professor James McCallum, co-founder and chairman of Xergy, said: “With our latest funding, the Xergy team will expand the market penetration and awareness of his Proteus and further our ambition to bring innovative and financially attractive project management solutions to projects. “World Market.” Our vision is to help our clients achieve superior project performance while embracing the broader possibilities of digital transformation. We are humbled by the continued support of our traditional shareholders and excited to add several new investors to join us on our journey. ”
Zelgy, led by industry heavyweights James McCallum and Colin Manson, recently announced the opening of new offices in Dundee, Scotland and Perth, Australia, further expanding Zelgy’s presence in Aberdeen and Dubai. The company currently has 34 employees.
Gnais Energy acted as financial advisor on this financing.