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Fergus Investment by Octopus Ventures

Tags: #Field Service

New Zealand

Auckland, NZ: GrowthPoint Technology Partners is proud to announce that Fergus, a field service software platform, has received investment from UK-based Octopus Ventures. The GrowthPoint deal team was lead by Alex Loukas, Matt Stern, and Michael Sutter. “Congratulations to David, Dan, Steve and the entire Fergus team on their Series B investment from Octopus Ventures,” says Loukas In regard to the successful outcome.

“This investment further validates Fergus’ market leadership and differentiation in the complex field service software space, particularly for the plumbing and electrical verticals where integration with multiple suppliers’ databases, for real-time pricing and inventory, is paramount. GrowthPoint is proud to be the exclusive advisor to the Fergus team and excited for their next phase of growth.”

The software firm  raised funds back in 2017, before taking on further investment from existing investors. This latest round closed at an increased valuation just shy of $100 million. Read more from the initial press release here.