The funding will enable Vuealta’s overseas expansion strategy amid increased demand for business agility and faster time-to-value planning solutions
Vuealta, the connected planning specialist, has today announced it has secured a multi-million pound investment backed by YFM Equity partners, which will enable the company to maintain its consistent growth and support ambitious plans for overseas expansion.
Vuealta was founded in 2017 and delivers scenario planning and forecasting solutions for supply chain, finance and operations. The business has grown rapidly to a team of 70 staff, with offices in four countries spanning the EMEA, North America and APAC regions.
Over the past year, Vuealta has seen growing demand for its solutions, and now counts global brands like direct-to-consumer beauty company Glossier, co-operative dairy company Fonterra and outdoor gear specialist Helly Hansen, on its books. This demonstrates growth in every geography in which Vuealta operates, including the US, APAC and EMEA.
The investment backs the experienced founders and management team to continue their global expansion strategy alongside US-based Anaplan. Vuealta is an Anaplan Gold Partner and has a seat on the Anaplan Global Strategic Council.
As part of the investment, private technology investor Dominic Ely, who has supported numerous technology businesses during stages of high growth, will invest alongside YFM and become non-Executive Chair.
David Wrench, YFM partner who led the investment says: “Vuealta is a really compelling proposition that is hugely relevant in a post-Brexit and Covid global market. Its position as a key partner to leading cloud-native planning platform Anaplan, which itself is seeing huge traction, gives it a fantastic opportunity to scale with the support of a multi-billion US-based disruptor. We are excited to be involved in this next stage of growth of an innovative British technology business with ambitious global plans, and add to our evolving stable of high-growth UK tech investments.”
Ian Stone, CEO and Co-founder of Vuealta, continues: “YFM is a great partner for Vuealta at a crucial stage of our development, and its investment will ensure that we can resource the business to take advantage of the opportunities we have to scale rapidly. The company’s track record with similar sized, ambitious technology businesses was a key factor in our decision to partner with them.”
Adam Bimson, Co-founder at Vuealta, adds: “We want to build on our progress in the UK, and in the US and Asia Pacific, where we have seen great early traction and need to resource expansion. YFM understands the opportunity to capitalise on what we have built to date to grow alongside the Anaplan business and platform.”