Podfather’s ambitions get £3.4 million boost

An Edinburgh-based cloud-based logistics software business is set for international expansion after securing a £3.4 million investment.

Epod Solutions Group, trading as Podfather, secured funding from Maven Investor Partners and IFS Maven Equity Finance, part of the Investment Fund for Scotland (IFS), which is managed by Maven and delivered by the British Business Bank.

Bosses say the investment will be used to further scale and internationalise the business, as well as “accelerate the launch process” of its latest enterprise software solution.

Colin McCreadie, managing director at Podfather, whose logistics platform streamlines fleet operations across multiple sectors including logistics, construction, food and drink, and healthcare, said: “Maven’s backing comes at an exciting time for Podfather as we continue to innovate and scale, and it further strengthens our position as a leading player in logistics management software. 

“We are working to bring a new, innovative product to market, and through this partnership, we can accelerate that launch process. 

“Most importantly, this partnership will enable us to deliver even greater value to our clients, helping them operate more efficiently, make smarter decisions and stay ahead in an increasingly complex logistics landscape.”

David Milroy, partner at Maven, added: “Podfather is a leading operator within its field, and we are delighted to have provided our clients with the opportunity to invest in this well established and profitable business. 

“With our backing, and the clear ambition of Colin and his team, we are confident Podfather’s growth strategy can be realised and we look forward to helping the business capitalise on the growing market opportunity.”

Podfather’s platform offers key features such as route planning, real-time tracking and vehicle checks, enhancing operational efficiency for a diverse client base. 

With the fleet management market on track to reach $84.3 billion by 2032, the firm is positioned for further growth and international reach.

Sarah Newbould, senior investment manager, nations & regions investment funds, at the British Business Bank, added: “Podfather is a great example of a well-established Scottish business using technology to drive efficiency and enhance operations. 

“The Investment Fund for Scotland is committed to backing high-growth companies that strengthen the local economy, and adds to the many businesses within Scotland’s tech ecosystem already benefitting from the fund. 

“We are pleased to support Podfather as it continues to scale, expand its market reach, and develop new cutting-edge products for the industry.”

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