Local software company receives major investment backing
A further endorsement to the rapid growth of Re-flow field management software, has come in the form of backing from a new investment company, Haatch, who finished off the latest investment round and launched a new phase in Re-flow’s software development. The additional funding will further support Re-flow as we establish our software as the market leader in highways, construction and civil engineering workflow management.
Based in Exeter, Devon, Re-flow provides a site to office digital transformation solution that means the entire workflow of activities, from scheduling to completion, can be actioned by operatives using a single smartphone app.
Haatch is backing founders Mike Saunders and Lee Wade who worked on specialist apps for a range of businesses together for 8 years before fully focusing on Re-flow. Haatch will support the Re-flow leadership team to grow the business both organically and through strategic partnerships to meet the increasing demand for its services.
Mike Saunders, MD, Re-flow said,
“Re-flow has established itself as the leading provider of workflow management software for the UK highways sector and enjoys a very loyal client base due to the breadth and quality of specialised services delivered. We are delighted to be backed by Haatch and look forward to working with the team to gain additional support and guidance as we develop our solutions further. A special thanks to the dedicated team at Q Ventures for aligning us with such suitable investors for our next phase of growth."
Re-flow’s UK SME customers use the software to save time and money on their standard operating procedures by implementing digital and automated approaches to data sharing across all parts of the business. Other Re-flow services include asset management, health and safety management, quotes, billing, invoicing and data reporting.
Fred Soneya, Co-Founder of Haatch said:
"We're really excited to be joining Re-flow as investors and we're looking forward to working with and supporting Mike, Lee and the rest of the board. We invest in disruptive digital businesses we feel have huge potential to scale and ultimately exit and Re-flow is one we're extremely pleased to be joining our portfolio."
QVentures, who specialise in identifying venture capital opportunities, provided advisory support throughout the funding process leading to a successful completion.
Robert Walsh, Managing Partner at QVentures said:
“QVentures is delighted to secure investors into Re-Flow’s fundraise. Our network received Re-Flow with great appreciation and interest, emphasizing good momentum on a not-yet digitalized market and a superb team delivering outstanding growth. We believe the investment will help Re-Flow rapidly scale and our investors will bring much value beyond funding.”
Re-flow has already been supported by Endeavour Ventures during the first round of investment funding in 2018 and are thankful for their support in the latest round, bringing in a number of individual investors who believe Re-flow software is a sound opportunity.
The additional investment will fund the ongoing development of new features of the Re-flow software solution to ensure it is continually at the cutting edge of industry technology trends. As ever, our existing clients benefit from the system upgrades automatically when they install the latest release of Re-flow.
