Xergy Secures £4.25m in Series A Funding Round

Xergy Group Limited (Xergy) has announced the closing of a £4.25 million Series A+ fundraise to significantly scale-up Proteus, its software-as-a-service (SaaS) work automation management offering.

With Proteus, Xergy defines a new category of software to suit the shift towards leaner business models, providing clients with an end-to-end solution for talent acquisition and project management. Proteus accelerates clients’ digital transformations, bringing together existing systems in a central hub, delivering substantial efficiency and operational cost savings.

This new capital comes at an exciting time for the company, having launched Proteus in 2020. The continued rise of the gig economy and a growing demand for systems necessary for remote and hybrid work post-COVID means that Proteus has rapidly grown to become critical for many clients. It is supporting businesses to deliver energy and infrastructure projects on time and on budget in a continually changing environment.

James McCallum, Founder and Chairman at Xergy, said:
“We are delighted to today be announcing the successful close of our fundraise. The last few years of developing Xergy have been incredibly enlightening, and this investment is a great result of the effort of the team. I would also like to thank our shareholders for their continued support, and our new investors for instilling their confidence in Xergy. As we move forward, we are focussed on developing products that are aligned with the essential need of businesses to embrace both the energy transition and digital transformation. We are pleased to have the support of Scottish Enterprise in helping companies make this transition by improving upon their agility and business efficiency through digitalisation.”

About alastair walker 10593 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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