London based tech start-up fibodo opens £2.5m funding round

Funding | South East | Technology
Anthony Franklin

Business software provider, fibodo, has opened for a new funding round, with the aim of securing £2.5m. The investment will enable fibodo to establish itself as the go-to platform in the UK for time-led service industries.

Founded in 2014, fibodo is an award-winning, fully-customisable SaaS e-commerce platform that connects service businesses with existing and new clients, and provides them with access to fibodo’s exclusive marketing channels.

The platform is scalable and supports businesses from most service sectors, of any size, offering the ultimate in flexibility for individuals, organisations and anyone that has aspirations to run their own business.

Since its launch, more than 220,000 bookings have been made via the platform with more than 3,000 registered hosts. The company is post-traction and ready to scale with strategic partnerships in place, and a growing sales funnel.

The latest funding round is being led by existing investors who have invested c.£400,000.

The business is now looking to attract new investors that share its vision in offering award-winning affordable tech, which is easy to set up and simple to use, giving anyone with an ambition the tools to be successful.

Anthony Franklin, founder and managing director of fibodo, commented: “As the world’s major economies have matured, they have become dominated by service-focused businesses.

“However, many of the management tools and techniques used by these service providers were initially designed for retail companies, and therefore do not meet the needs of service businesses. fibodo has been designed specifically with service industries in mind, addressing this previous gap in the market.”

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