Omers Ventures leads $5.2m round for Quorso

Also participating in the round was Hambro Perks, a London-based VC specialising in seed and early-stage investments. The firm also manages a co-investment vehicle that allows high-net-worth individuals to invest alongside it.

Harry Briggs, managing partner at Omers Ventures, will join Quorso's board. Quorso intends to use the fresh capital to expand internationally, according to a statement.

Omers Ventures, the venture arm of the Ontario Municipal Employees Retirement Scheme (Omers), is currently deploying from Omers Ventures Erurope, which closed in March 2019 on €300m. The fund deploys €5-10m per round and generally invests at series-A and series-B stages.

Previous funding
Hambro Perks participated in the $2.4m series-A round for Quorso in April 2017.

Company
Quorso develops software that aims to maximise the efficiency of businesses in areas including net revenues and team operations. The company's client base encompasses companies from the retail, transportation and hospitality sectors, including National Express, Radisson Blu and restaurant chain Chiquito.

Headquartered in London, the company also has offices in New York and Kiev. Quorso was founded in 2016 and has a headcount of 25, according to LinkedIn.

People
Quorso – Julian Mills (co-founder, CEO); Daniel Slowe (chief product officer, co-founder).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• United Kingdom
• OMERS