Belfast-based technology company, GoReport, has announced a new round of investment from ScaleUp Capital.
GoReport is a leading SaaS solution serving the property sector, helping surveyors digitise their inspecting, reporting and analysis process, driving greater efficiency and more effective workflows.
The undisclosed investment from ScaleUp Capital will drive GoReport’s next phase of growth, enabling further product development and expansion into core markets.
Gavin O’Neill, chief executive officer of GoReport, said: “GoReport is delighted to become part of the dynamic ScaleUp Capital portfolio. In delivering a tremendous product alongside exceptional customer service, GoReport has built an outstanding reputation and a base of impressive clients.
“Our success so far has been made possible through the support of our investor community. As we continue to move forward, ScaleUp’s position and expertise will undoubtedly support and assist us as we look to build on our growth and reputation and offer even more exciting solutions tailored for our target markets.”
David Sparrow, investment director from ScaleUp Capital said: “We are incredibly excited to be working with the GoReport management team to continue driving the business forwards.
“GoReport has demonstrated a high degree of product-market fit in a compelling sweet-spot and the platform’s strong foothold in its market presents an exciting opportunity for continued growth.”
Established in 2011, GoReport identified a void in the market for an efficient software solution to streamline the work of surveyors.
Since then, GoReport has gone on to earn a reputation as a market leader in providing software solutions for surveys and inspections in the residential and commercial sector, trusted by a range of clients to support the transition towards digital workflows, enabling surveyors to focus on delivering expert advice and guidance to their clients.
Existing investors, including CoFundNI and Crescent Capital, have exited the business, showcasing the confidence in GoReport’s potential. With this strategic investment, GoReport is well-positioned to continue the evolution of the surveying sector by leveraging best-in-class technology to enhance workflows for surveyors and inspectors.
ScaleUp Capital is a specialist scale-up investor, investing in and supporting established growth companies with between £1m-10m of revenue.
Co-Fund NI is part of Invest NI’s Access to Finance portfolio and part-funded by European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014-2020. The £47m fund, which is managed by Clarendon Fund Managers, co-invests in business angel and private investor led deals.