Unleashed Software, the Auckland-North Shore based inventory management Software-as-a-Service (SaaS) provider, has announced a Series C investment of NZ$7.0 million from Movac, New Zealand’s largest and most experienced technology investment company.
Unleashed Software spent three years growing their cloud-based inventory management platform at the ecentre on Massey University’s Albany campus, located in Auckland’s Growth North district. Being part of the North Shore ecosystem enabled them to have access to resources and with the support of the various services like ATEED, Massey University, Takapuna Beach Association and Auckland’s Grow North Initiative, Unleashed Software flourished.
Best in class
Of the recent successful capital raise, CEO of Unleashed Software Gareth Berry comments: “We have been building our core product and markets for eight years now and the markets around the globe are really starting to embrace cloud based applications. We can see the amazing traction for ‘best in class’ systems like Unleashed being adopted around the globe now, and we are truly grateful to be the system of record that is powering these amazing wholesale, distribution and manufacturing businesses.”
Globally, Unleashed estimates there are over 5 million wholesaler-distributors and manufacturers that they could be the ‘system of record’ for. Their customers have been very supportive on this journey, with many of whom now compete competitively on a global scale with our ‘best in class’ inventory management and manufacturing system.
“The adoption of cloud based systems on a global scale is only just starting to take off,” says Gareth. “New Zealand and Australian markets have been early adopters of cloud based software solutions, however, we also see big opportunities in the United Kingdom and the United States markets where businesses are starting to migrate and adopt best-in-breed component solutions to run their businesses. This presents an amazing opportunity for us, with a substantial amount of growth in our businesses forecast to come from the Northern Hemisphere over the next few years.”
The investment funds will go towards fuelling the development of the next generation inventory management software and support the global growth of the company that now services customers in over 88 countries in the wholesale, distribution and manufacturing sectors.
About Unleashed Software:
Unleashed Software is a Software-as-a-Service company with the sole focus of building a smart inventory management solution. Unleashed has a global base of customers including Australia, NZ, USA and UK whilst headquartered in Auckland Grow North Technology District on Auckland’s North Shore. For more information, please visit www.unleashedsoftware.comor contact Gareth Berry on +64 21 444 107.
The company has been recognised in the Deloitte Technology Asia Pacific Fast 500 for the last three years running. They were also mentioned in a Huffington Post as one of the top 10 small business tools globally.