Fundz

Xergy Raises £3.1M in Series A Funding

PRIVATEFeb 23, 2024

Amount Raised

£3.1 Million

Round Type

Series A

AberdeenSoftware Development

Investors

Colin MansonJames Mc Callum

Description

Xergy raised £3.1M in Series A funding to expand operations and business reach, with the intention of using the funds for growth.

Quick answer

Xergy raised £3.1 Million in a Series A round, dated February 23, 2024. Investors: Colin Manson and James Mc Callum. Xergy is based in Aberdeen, Scotland, United Kingdom.

How much did Xergy raise?
Xergy raised £3.1 Million in a Series A round on February 23, 2024.
Who invested in Xergy?
Colin Manson and James Mc Callum are named as investors in this round.
What does Xergy do?
Led by James McCallum and Colin Manson, Xergy provides a work solution for project management.
Where is Xergy based and how big is it?
Xergy is based in Aberdeen, Scotland, United Kingdom.
Who are the decision-makers at Xergy?
Fundz holds 1 contact at Xergy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software Development around the same time

Companies in the same sectors as Xergy that raised within 45 days of this round, from Fundz verified event records.

  • Kevel raised $23M (Series C) on March 7, 2024.
  • Synadia Communications raised $25M (Series B) on February 28, 2024.
  • Pimberly raised $5.1M (Funding Round) on February 26, 2024.
  • Serverpod raised $1.8M (Seed) on February 23, 2024.
  • EigenLabs raised $100M (Series B) on February 23, 2024.
  • Kusho raised $600K (Pre-Seed) on February 22, 2024.

Who to call at Xergy, and when

A new round usually means Xergy is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Xergy

Location

Aberdeen, Scotland, United Kingdom

About

Led by James McCallum and Colin Manson, Xergy provides a work solution for project management. Its software platform, Proteus, is a feature-rich project management tool used by multiple organisations to support digital transformation and improve project delivery, including significant energy sector clients in the UK and engineering companies around the world. Proteus manages everything in one place, allowing users to create project plans, convert them into working projects, manage people, resources, and time, as well as track and monitor all financials. Proteus integrates with third-party software tools and databases providing a single source of information and moving project teams away from disconnected, error-prone, siloed spreadsheets.

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Fundz sees it the moment Xergy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Xergy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.