SCOTTISH catering software start-up Spoonfed has won a second round of funding worth £585,000.
The cash has come from from angel investment syndicate Equity Gap, private US and Channel Islands investors and the Scottish Investment Bank, the investment arm of Scottish Enterprise, to accelerate international growth and take the company into profitability.
Launched in 2013, Spoonfed has provided its catering software to customers throughout the UK including high-street chains, independent sandwich retailers and contract catering businesses and has contracts in USA, Canada and Australia.
The technology has let clients unlock new markets with automated business processing of office catering orders, in one case boosting monthly revenue from £7,000 to £70,000 and increasing average order values by 25 per cent.
The investment will drive additional sales in the UK and internationally, improve the software, create new jobs and establish a foothold in the Far East and Europe.
Managing Director of Spoonfed Willie Biggart said: “We’re excited about growing this business because we’ve seen amazing results from customers who have implemented the software into the everyday running of their company and have had very positive feedback.”
Spoonfed was born when Biggart and Murray McNicol ran a catering business delivering meeting-room food to offices and developed the software to automate processes.
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