September 25, 2022

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Derry polling tech agency nets funding to develop

Brian Reid, chairperson of Trendy Democracy and HBAN member; Siobhan Donaghy, chief government at Trendy Democracy; and Ann-Marie Slavin, director of technique at Trendy Democracy.

Derry-based election software program firm Trendy Democracy has secured a £700,000 funding to develop its presence within the UK and worldwide markets.

The funding spherical was led by native enterprise angel buyers, together with members of the Halo Enterprise Angel Community (HBAN).

This community is a joint initiative of Make investments NI, InterTradeIreland and Enterprise Eire.

The investments from HBAN have been matched by Co-Fund NI. That is a part of Make investments NI’s Entry to Finance suite of funds and is managed by Clarendon Fund Managers.

Current shareholder Capital Crescent additionally gave Trendy Democracy its vote of confidence with additional backing.

The SaaS firm stated it intends to exit to the market to lift an additional £1.3m in funding for its subsequent section of enlargement.

Trendy Democracy’s software program goals to streamline the polling course of. Its tech has been utilized by native authorities all through the UK.

In Might of this yr, the Welsh authorities picked Trendy Democracy to ship its versatile voting pilots.

The aim of the pilots was to make it simpler for individuals to vote by providing flexibility on when and the place they may vote.

Trendy Democracy’s software program initially targeted on the front-end voter and polling employees expertise by digitalising the check-in course of.

It has since added new options together with real-time reporting and analytics on election day efficiency.

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This function may be deployed for election managers and returning officers working in polling stations.

Ann-Marie Slavin, director of technique at Trendy Democracy, stated that “the demand for digital transformation at polling stations is rising”. This, she stated, is because of governmental modifications in addition to the pandemic.

“There may be excessive potential for development within the sector. We purpose to make use of this funding to strengthen our market share within the UK, develop our group and transfer into new international markets,” Slavin added.

Jim Curran, funding director at Clarendon Fund Managers, stated Trendy Democracy is “completely positioned with a scalable enterprise mannequin and big potential for fast development within the UK and past”.

Derry polling tech agency nets funding to develop was final modified: September fifth, 2022 by cassoscoop

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