£400,000 investment in Allthings Limited
Allthings Limited, a Dundee software start-up has secured £400,000 in fresh investment as it continues efforts to allow workers to eliminate round-robin emails and unclog their inboxes.
Dundee based Allthings said a string of well-known local backers had supported its corporate organiser and task-listing tool after it called for more development capital; this investment of £200,000 was then followed by match-funding from the Scottish Investment Bank through national business agency Scottish Enterprise, a process which was instigated and project managed by DC Consulting.
The boost comes just months after the company’s cloud-based software was launched last summer, and ahead of the release of a new ‘team’ edition targeted for use by larger organisations on a user licence basis.
Founders David Hay, Dee Ward and Ralph Hasselgren first worked together at Dundee software developer HoundDog Technology, ahead of its acquisition by American firm GFI Software in 2009.
Mr Hay said he and his colleagues’ productivity and collaboration software was born after the trio railed against “an enormous amount of wasted time” in list-keeping and business administration.
Allthings allows tasks to be classified, updated in real time and shared among workers without the need to trawl through a packed inbox, hard-to-follow email chain or needlessly complex spreadsheet.
Scottish Investment Bank head Kerry Sharp said the organisation was pleased to support Allthings: “a forward-thinking company with an international mindset”.
She said: “The funds will assist the company to realise its ambitious growth strategies and deliver long-term results for both the local Tayside economy and the Scottish economy as a whole.”