Grafton capital backs AI software firm Softomotive
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.
Company
Established in 2005, Softomotive produces software that automates business processes in areas such as finance, accounting, compliance and customer services.
People
Grafton Capital – Oliver Thomas (partner).
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