Wednesday, 11 May 2016 13:07

Unleashed Software tops up capital with $3 million for expansion, product development

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Trans-Tasman inventory management software-as-a-service (SaaS) company, Unleashed Software, has raised $3 million in capital which it plans to use to expand its business in the Australia, New Zealand region and for future software development.

The funding round attracted a mixture of new and existing backers, including MYOB founder Craig Winkler, Milford Asset Management and Sir David Levene’s investment company, Lewis Holdings.

This latest funding round takes Unleashed’s total funds raised to-date to more than $18 million.

Unleashed CEO, Gareth Berry, says that in addition to further developing its SaaS platform, the capital will be invested in increasing the company’s footprint in Australia, New Zealand and the United States, the upcoming launch of a new office in the UK and expansion into newer regions – including South Africa, India and Hong Kong – through business partners.

“Over the past 12 months, our reach into offshore markets has really picked up steam. We have been fuelling our expansion while growing our product and this capital investment will enable us to accelerate those efforts substantially. With increasingly-global capabilities, we can now support our customers – whether they are in wholesale, manufacturing or distribution – on an international scale.

“Now that we have executed on this raise, our attention turns to extending our footprint in more established markets, while also capitalising on opportunities globally through our channel of partners and consultants. This outreach will be driven by our increased engagement and support capabilities, resulting from a more efficient allocation of internal resources.”

The privately-owned Unleashed was founded in New Zealand in 2009, and claims customers in 80 countries, with offices in New Zealand, Australia and the United States.

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Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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