Modern Democracy, a Northern Ireland-based Software-as-a-Service (SaaS) company that specializes in election software designed to streamline the polling process, secured a £700,000 investment round to facilitate further growth in the UK and international markets.
The funding round was led by local business angel investors, including members of the Halo Business Angel Network (HBAN), whose investment was matched by Co-Fund NI and backed by existing shareholder, Capital Crescent.
Modern Democracy has already introduced modern polling software throughout the UK in local authorities, and as the government aims to streamline the voting process, there is high potential for growth in the sector.
Company: Modern Democracy, Ltd.
Raised: £.7K
Round: Unknown
Funding Month: Aug 2022
Lead Investors: members of the Halo Business Angel Network (HBAN)
Additional Investors: Capital Crescent
Company Website: https://moderndemocracy.com/
Software Category: Elections Software and Services
About the Company: Modern Democracy is an award-winning leader in the provision of election software and services to local governments in the United Kingdom. Modern Democracy’s software initially focused on the front-end voter and polling staff experience by digitalizing the check-in process. It has since added new features, including real-time reporting and analytics on election day performance. Modern Democracy has developed an innovative digital cloud platform that transforms the management of poll stations, providing election teams with the tools necessary to operate efficiently and enhance the voter experience. It provides returning officers with visibility through real-time data on voter turnout and the status of all poll stations. Modern Democracy's vision is to become the market leader in election day modernization, with an initial focus on polling stations. The company successfully delivered poll station innovation for the UK Cabinet Office Voter ID Pilots in 2018 and 2019, resulting in the solution being deployed by many local authorities across the UK in the May 2021 and 2022 elections, including Harrow Council, Watford Borough Council, and Swansea City Council.
Source: https://businesscloud.co.uk/news/northern-ireland-based-software-firm-eyes-growth-after-700k-investment/