SaaS firm sets its sights on global expansion
A Northamptonshire-based SaaS (Software-as-a-Service) business is looking to expand globally after receiving funding from Maven Capital Partners.
Zinc Digital Business Solutions provides safety, security and critical event management services to clients including the Environment Agency, Kingfisher and Allied Universal.
The capital from Maven will enable the Little Houghton-based company to expand its sales and marketing teams, invest in product development and grow internationally.
The size of the funding package has not been disclosed.
Joe Zielinski, CEO at Zinc, said: “We are delighted to have Maven as our partner on the journey ahead as we grow our business into a global provider of security and safety incident and risk management software. The Maven team have demonstrated great commitment to our business, and we look forward to their support on this new, exciting chapter of Zinc Systems.”
Melanie Goward, a partner at Maven, added: “We believe that Zinc offers an excellent opportunity for investment into a scaling business that is operating in a market supported by positive sector dynamics.
“The company is led by a very capable team, and they have made good commercial progress to date. Revenues are backed up by strong recurring revenues and a positive deal pipeline of prospective new clients. We are delighted to have structured a debt and equity solution which will support the delivery of management’s ambitious targets.”
