£585,000 funding for Spoonfed

£585,000 funding for Spoonfed

Scottish start-up Spoonfed has received a second round of funding worth £585,000 from angel investment syndicate Equity Gap, private US and Channel Island investors and the Scottish Investment Bank.

Launched in 2013, Spoonfed is a cloud-based system which provides drop off catering software software to customers throughout the UK including high-street chains, independent sandwich retailers and contract catering businesses.

The technology includes online ordering, production planning, route planning, invoicing and email marketing.

The firm has also secured exporting contracts in the USA, Canada and Australia.

The latest investment will be used to drive additional sales, enhance the functionality of the technology, create new jobs and establish a foothold in the Far East and mainland Europe.

Managing Director of Spoonfed, 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.

“We’re excited about growing this business because we’ve seen amazing results from customers who have implemented the software into the everyday running of their company and have had very positive feedback about the efficiencies and growth it has brought.

“We’ve taken our time and made sure we have got this right so any business with an interest in corporate catering can easily use the software, giving them more time to focus on what they do best and leaving the organisation to Spoonfed.”

Jock Millican of Equity Gap comments: “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.

“The founders’ experience in the industry has led to a product that directly resolves a need and their relentless work to iron out any kinks has produced a business that is financially in good shape within a very short period of time.”

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."

 

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