London software firm expects to grow by 50% following 300% increase in demand

A London software firm has announced that it expects to grow by 50 per cent after accessing a multi-million pound fund.

Cloudbooking, which is a cloud-based room, desk and visitor booking software firm, has been assisted by SME credit specialist Caple to access the funding.

Following the initial effects of the pandemic, Cloudbooking has seen a 300 per cent increase in new business demand, and will use the funding to respond to this.

The company is now scaling its global operations and workplace management software platform to deliver new hybrid ways of working.

Dominic Buch, co-founder and managing partner of Caple, said: “Innovative businesses like Cloudbooking are leading the charge in creating new jobs and rebuilding the economy. Now more than ever our focus is on helping the UK’s growing businesses.

“UK high street banks have pulled out the stops to help their business customers through Covid-19.

“But many will now not have the bandwidth or available finance to look after new clients with new growth financing.

“Our funding with Cloudbooking demonstrates why SME business owners that need growth funding must look to alternative options to secure funding that helps them plan, invest and grow.”

Gerry Brennan, CEO and founder of Cloudbooking, said: “The accelerated digital transformation of the workplace presents an incredible opportunity for Cloudbooking and our innovative range of customisable workspace management services.

“We’re excited to have Caple supporting us in our strategic global vision as we continue our rapid growth and push on with our product roadmap and expansion plans.”

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