SpoonFed, the Livingston-based software-as-a-service start-up, has announced a second round of funding worth £585,000 from angel investment syndicate Equity Gap, private US and Channel Islands investors and the Scottish Investment Bank, the investment arm of Scottish Enterprise.
The funding will be used to “accelerate international growth and take the company into profitability,” it said in a statement.
Spoonfed is a cloud-based system for single and multi-site caterers to plan, market, manage and deliver orders.
The company said its technology had enabled clients to find new business, in one case boosting monthly revenue from £7,000 to £70,000, and increase average order values by 25%.
Launched in 2013, Spoonfed founders Willie Biggart and Murray McNicol owned and operated a catering business delivering meeting room food to offices. They developed the software to save time, reduce mistakes and increase margins.
Head of the Scottish Investment Bank, Kerry Sharp said: “Spoonfed is a great example of a growing Scottish technology company bringing innovative digital technology to the catering industry.
“We are pleased to be able to support Spoonfed as it expands its international reach in a market ready for technological enhancement and efficiency.”