Edinburgh software group Podfather secures £3.4m investment  – UKTN

Scottish fleet management software group Podfather has secured a £3.4m investment from new investor Maven Capital Partners. 

The deal includes funding from Maven Investor Partners as well as IFS Maven Equity Finance, an investment fund targeting businesses in Scotland managed by Maven and delivered by the British Business Bank. 

Epod Solutions Group, which trades as Podfather, said the investment will be used to “internationalise” the business and support the rollout of a new software product. 

Podfather provides logistics software for fleet managers across construction, food and healthcare sectors. Its products include route planning and optimisation, electronic proof of delivery, vehicle checks and real-time tracking. 

Analysis from Meticulous Research found that the increased adoption of remote fleet management technology is driving growth in the value of the market, projected to reach more than $84bn by 2032. 

“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,” said David Milroy, a partner at Maven. 

“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.” 

The business was founded in 2000 and has been used by the likes of Oxfam, Bidfresh and Oddbox.

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

“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.  

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