Screendragon, a London, UK-based SaaS for project management, resourcing and workflow management, raised €25 million in funding.
SaaS Investors
The round was led by Kennet Partners, with participation from Federated Hermes Private Equity.
Founded in 1997, Kennet Partners is a growth equity firm with a focus on B2B software across Europe and the US. Based in London, United Kingdom. The firm seeks to invest in technology-enabled business services, SaaS, digital media, e-commerce, consumer internet, enterprise software, telecoms software, infrastructure, semiconductors, and IT services.
Screendragon Use of Funds
The company will utilize the funds to drive growth initiatives, including doubling the workforce in Cork and expanding operations in the US.
About Screendragon
Founded by John Briggs, Jan Quant, and Fergus Ashe, Screendragon is a work management platform designed for marketing, agency, and professional services teams. Manage projects, processes, people, and profits all on one solution. Screendragon helps companies streamline their operations, improve speed-to-market, and reduce costs. The company's mission is to boost customer performance and profitability by removing complexity in their operations. Key customers include notable brands such as Kellogg’s, BP, the International Olympic Committee, and WPP@CP.
Funding Details
Company: Screendragon Ltd.
Raised: €25.0M
Round: Unknown
Funding Month: February 2024
Lead Investors: Kennet Partners
Additional Investors: Federated Hermes Private Equity
Company Website: https://www.screendragon.com/
Software Category: Work Management
Source: https://www.enterprisetimes.co.uk/2024/02/06/screendragon-raises-e25-million-and-looks-to-us-expansion/