This latest investment brings Distributed’s total funding raised to date to over £9m, and was led by Guinness Asset Management with participation from Fuel Ventures, Filippo Sarti and Andreas Mihalovits.
Distributed is a fast-growing UK start-up that is enabling the adoption of on-demand and outsourced teams by businesses and the public sector. ‘Elastic Teams’, the company’s proprietary technology, allows organisations to engage a globally distributed workforce without the time and cost burdens of recruitment, management, or retention. This enables businesses to create digital roadmaps that are delivered faster and to a higher standard than previously possible.
The funding comes after Distributed announced a partnership with Capita plc in 2020, which has accelerated the adoption of Distributed’s Elastic Teams across Capita’s network of Enterprise customers.
We are proud to have supported Distributed at such an exciting time of growth for the business, in an environment where there is increasing demand for freelance workers. The funding will support their continued growth and help them to scale their operations and platform features to improve customer experience.