YFM Equity Partners, a private equity fund manager, has invested GBP2.5 million into Biz2Mobile (B2M), a provider of software for rugged and industrial enterprise mobile devices.
The investment was made by the British Smaller Companies venture capital trusts and leads total funding of GBP3.6 million alongside existing investors.
The funding will be used to accelerate the growth of B2M’s analytics tool Elemez, which enables firms to remotely monitor and measure their mission-critical mobile devices. The investment will support Elemez both in the UK and with its global partners.
Julie Purves, founder and CEO of B2M, adds: “YFM’s support will be instrumental in driving our future growth as we look to further develop our offering and customer base. Elemez’ analytics are key to improving productivity for enterprises where mobile solutions are business critical. YFM’s investment will enable us to recruit additional talent to meet the increasing demand from device manufacturers, managed service providers and enterprise customers.”
