Fergus Raises $15M in Series B Funding

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Task Management Software for Craft Businesses Fergus has raised $15M in its Series B.

Early-stage investor Octopus Ventures led the round, alongside the executive vice president who first invested in Fergus in 2017.

According to David Holmes, CEO of Fergus, “Our vision is to help as many trades businesses around the world as possible. To free them from the administrative carousel that leads to poor cash flow, reduced profitability and unnecessary stress.

The cloud-based platform helps midsize businesses such as plumbers, electricians, heating, ventilation, and air conditioning (HVAC), and roofers with administration, including workflow tools and communication tools as well as quoting, planning and resource planning tools.

Fergus integrates with Xero, MYOB and Quickbooks as well as a range of other commercial providers.
The platform is designed to address the largely manual, paper-based systems and processes that largely plague commercial enterprises.

“We know our tradespeople do better and lead happier lives because we’ve built a system that works the way they do, on the jobsite, in the truck or in the office. No more double data entry or lost track of work. Having a partner of the caliber of Octopus who supports our vision is beyond exciting for our customers, our suppliers and our team,” said Holmes.

Fergus customers credit the platform with improving their work experience.

Customer Tina of Hills to Ocean Plumbing in New South Wales said: “I feel like Fergus gave us the freedom we’ve been looking for for so long and now we’ve finally found it.”

According to Octopus Ventures investor Rich Bolton, “Fergus is a shining example of a team digitizing a long-neglected industry, with transformative results for its clients. Their army of fans is growing rapidly and we believe the opportunity to transform the world of commerce is limitless. We are happy to be able to support this journey.

The investment will be directed towards product innovation and expansion across the UK.

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