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Waterspring Ventures makes first investment into Operati

Waterspring Ventures Operati
Operati CEO and co-founder, David James

Welsh investor Waterspring Ventures has made its first investment, contributing to a near-half a million pound round for Newport-based project planning software startup Operati.

The idea for the startup, which is still in the earlier stages of development, came in 2017 when Operati CEO and co-founder David James sold his preceding venture Hudman for an undisclosed sum to software company Advanced.

Hudman is an enterprise resource planning tool housing various features like accounts, payroll and CRM.

Speaking exclusively to UKTN, James said that during his time at Advanced, he realised that businesses were “looking for something slightly different” when it came to resource planning software.

“The problem with the Hudman software, the problem with every other bit of software we’ve ever looked at, is that it’s all based around making the same types of things over and over,” he said....