Iventis raised £400,000 capital round from Mercia via MEIF.

Iventis, a Lincoln, UK-based software developer, announced that it added a growth captal raise totalling £400k ($521k).

The money was raised from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), and the government’s Future Fund.

The money will be used to hire more people

Iventis, founded in 2015 by CEO Joe Cusdin, developed a SAAS helpinh large teams collaborate online to plan and manage complex operations by bringing together mapping, architectural drawings and other data.

Iventis previously secured £250k from Mercia in 2019.