YFM backs tech business Vuealta with multi-million pound investment to support global growth
The funding will enable Vuealta’s overseas expansion strategy amid increased demand for business agility and faster time-to-value planning solutions
London, U.K. – 27 September – Vuealta, the connected planning specialist, has today announced it has secured a multi-million pound investment backed by YFM Equity partners, which will enable the company to maintain its consistent growth and support ambitious plans for overseas expansion.
Vuealta was founded in 2017 and delivers scenario planning and forecasting solutions for supply chain, finance and operations. The business has grown rapidly to a team of 70 staff, with offices in four countries spanning the EMEA, North America and APAC regions.
Vuealta launched its Supply Chain Planning solutions suite in 2020, allowing it to maintain strong company and customer growth throughout the pandemic, and help existing and new international customers navigate the disruption. The SaaS solutions are built on the Anaplan platform, harnessing its powerful analytical and processing capability, and are purpose built with industry focused functionality and best practice. Rapidly deployable, the solutions deliver faster time to value than a time and materials approach, meeting the urgency currently seen within the market for agile and resilient planning solutions.
Over the past year, Vuealta has seen growing demand for its solutions, and now counts global brands like direct-to-consumer beauty company Glossier, co-operative dairy company Fonterra and outdoor gear specialist Helly Hansen, on its books. This demonstrates growth in every geography in which Vuealta operates, including the US, APAC and EMEA.
The investment backs the experienced founders and management team to continue their global expansion strategy alongside US-based Anaplan. Vuealta is an Anaplan Gold Partner and has a seat on the Anaplan Global Strategic Council.
As part of the investment, private technology investor Dominic Ely, who has supported numerous technology businesses during stages of high growth, will invest alongside YFM and become non-Executive Chair.
David Wrench, YFM partner who led the investment says:
“Vuealta is a really compelling proposition that is hugely relevant in a post-Brexit and Covid global market. Its position as a key partner to leading cloud-native planning platform Anaplan, which itself is seeing huge traction, gives it a fantastic opportunity to scale with the support of a multi-billion US-based disruptor. We are excited to be involved in this next stage of growth of an innovative British technology business with ambitious global plans, and add to our evolving stable of high-growth UK tech investments.”
Ian Stone, CEO and Co-founder of Vuealta, continues:
“YFM is a great partner for Vuealta at a crucial stage of our development, and its investment will ensure that we can resource the business to take advantage of the opportunities we have to scale rapidly. The company’s track record with similar sized, ambitious technology businesses was a key factor in our decision to partner with them.”
Adam Bimson, Co-founder at Vuealta, adds:
“We want to build on our progress in the UK, and in the US and Asia Pacific, where we have seen great early traction and need to resource expansion. YFM understands the opportunity to capitalise on what we have built to date to grow alongside the Anaplan business and platform.”
Vuealta is a Global Anaplan Partner helping organisations around the world solve complex planning challenges, through the delivery of a suite of applications powered by the Anaplan Connected Planning Platform. Our team of certified Anaplan experts work across all verticals, applying industry knowledge combined with modelling skills to create planning applications that support specific business requirements. For more common business planning processes, we offer a range of applications that have been pre-built, based on industry best practise standards, with faster delivery times. Vuealta has offices across the US, Europe and APAC and supports Anaplan customers on both a local and global scale.
YFM Equity Partners are specialist, independently owned, private equity investors. With over 30 years of experience we seek to unlock value and growth potential by providing up to £10 million of equity to fuel the development of established business throughout the UK regions. We do this by helping our portfolio companies grow niche businesses, launch new initiatives, make transformative acquisitions and upgrade technologies and systems. Through our offices in Leeds, London, Manchester, and Birmingham, we are dedicated to working alongside management teams to create long-term value for our investors, the companies we invest in and a positive economic impact for the communities in which we work. We manage funds in excess of £300 million which include venture capital trusts and private equity funds.
YFM Equity Partners conducts its investment business through its subsidiary YFM Private Equity Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 122120).