London-based Distributed, an AI-based tech talent resourcing platform, has secured £5 million in a Series A funding round led by Guinness Asset Management, bringing its total funding to date over £9 million.
The company also drew further investment from its Seed investor, Fuel Ventures, and other high-profile industry leaders, Filippo Sarti and Andreas Mihalovits.
The funding will be used to support the company’s growth and enable it to scale its operations and platform features to improve customer experience.
Deliver digital outcomes faster
Founded by Callum Adamson, and Sam Rowlands in 2017, Distributed is built on the belief that businesses of the future will thrive without the need for technical development teams-in-residence.
Through the Distributed platform, clients can work with Elastic Teams – fully managed, globally distributed teams – as easily as local teams, allowing them to build and maintain software to a higher standard faster, safer, and with more visibility than ever before.
Callum Adamson, CEO, and Co-founder of Distributed says: “The workforce of the future is on-demand, adaptive, and independent. Distributed is here to enable those independent careers with more benefits than permanent employment, and to ensure that our customers can access high-quality, motivated talent effortlessly with our enabling technology. This will see businesses building with smaller, more specialised core teams, supported by an Elastic Teams™️ of experts that can be deployed to tackle any software goal in support of our customer’s missions.”
“This funding round helps us to continue to rebuild work and re-tell its story. It represents a better way to build for our customers and a brighter future for those pursuing independent careers in the tech industry. I could not be more grateful for the trust and support our customers and Elastic Team™ have shown us over the past couple of years and we are very excited to continue this journey together.”
Ashley Abrahams, Fund Manager at Guinness Asset Management, adds: “Guinness is very happy to be supporting Distributed during this time of industry disruption. The pandemic has made the future of work a reality and startups like Distributed are supporting the significant transformation and re-organisation that many businesses are undertaking. We are excited to support the Distributed team as they work to give businesses access to the world’s best talent at an affordable price, all whilst giving freelancers access to more interesting work and the opportunity to build better careers.”
Jon Lewis, CEO at Capita plc, states: “We’ve been working with Distributed for a year now and in just this short space of time, the company has grown fivefold. It’s a real testament to its unique business model that it has now secured this latest round of investment and we’re excited to be supporting the company as the team takes the next step of their journey.”