Grafton Capital has led a $25m series-A funding round for Softomotive, a software firm focused on automating business processes.
Softomotive plans to move its headquarters from Greece to London, where it will continue to develop its software. Its products are currently used by 7,000 companies, it says.
Grafton is based in London and makes minority investments in founder-owned software companies. Some of Grafton's recent investments include Starleaf, a cloud platform for video conferencing; and MPP Global, which helps websites convert and retain paid users. Grafton's Oliver Thomas will join Softomotive's board.
Established in 2005, Softomotive produces software that automates business processes in areas such as finance, accounting, compliance and customer services.
Grafton Capital – Oliver Thomas (partner).
Accommodation booking site raised €21m from HV Holtzbrinck, Lakestar and Picus Capital in February
British Patient Capital commits $35m, while the European Investment Fund also contributes
Sale ends a holding period of almost four years, during which the company made seven bolt-ons
Sale does not include life insurance business Amissima Vita, which generated premiums of around €900m in 2019