Energy industry SaaS platform Proteus closes for £ 4.25m

Scotland-based Xergy’s Aberdeen has announced the end of a £ 4.25 million Series A extension round. The startup provides a centralized hub for talent acquisition, project management, and finance, with a particular focus on the energy industry. Xergy was founded in 2018 and in 2020 Proteus SaaS platform. To date, the company has brought home about £ 10.5 million.

Designed from scratch by a wide range of energy sector experts, including two former rivals Colin Manson When James McCallum, Proteus has seen a surge in demand, partly due to both the rise of the gig economy and the need for remote and hybrid work environments. In addition to providing a central hub for proposals, project management, and project financing, Proteus also provides a market where clients can procure qualified freelancers for their projects.

In Series A + rounds, Xergy’s pre-valuation increased to £ 15m, up 75% from the previous round 2019. The majority of the fund is additional investment from existing investors, including an additional £ 1m investment. Scottish company..

“The past few years of Xergy development have been incredibly enlightening, and this investment is a great result of the team’s efforts,” McCallum commented. “As we move forward, we focus on developing products that meet the company’s essential needs to embrace both the energy transition and digital transformation.”

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