Backed VC leads £2.5m round for Flexciton
Backed VC has led a £2.5m funding round for Flexciton, a UK-based developer of software for production planning and scheduling in the manufacturing sector.
Join Capital and Entrepreneur First also took part in the funding round.
The company will undertake a recruitment drive, with a particular focus on its team of industrial optimisation and AI specialists.
Previous funding
Backed VC took part in a $1.1m seed funding round for Flexciton in 2017, with Romulus Capital, Join Capital, Isomer Capital and Entrepreneur First also taking part alongside angel backers.
Company
Founded in 2016, London-headquartered Flexciton develops manufacturing software that automates production planning and scheduling. The business has clients in the textiles, food, automotive and semiconductor sectors.
People
Flexciton – Jamie Potter (co-founder, CEO); Dennis Xenos (co-founder, chief technology officer).
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