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Iventis Secures $1.9 Million in Funding Led by Mercia Asset Management PLC

Iventis Secures $1.9 Million in Funding Led by Mercia Asset Management PLC

July 29, 2023

Lincoln, Lincolnshire, United Kingdom - Iventis, a pioneering software development company revolutionizing communication and collaboration for large, multi-disciplinary teams, has successfully raised $1,929,000 in its latest funding round. The investment was led by Mercia Asset Management PLC, a prominent venture capital firm focused on supporting innovative technology companies.

Iventis, founded by visionary entrepreneur Joe Cusdin, is at the forefront of transforming the way organizers and stakeholders in the global events industry work together. By providing a powerful software platform for collaborative working, the company aims to enhance efficiency, reduce errors, and eliminate duplication of work, resulting in substantial cost and time savings.

The Iventis platform is dynamic and versatile, combining complex Geographic Information Systems (GIS), Building Information Modeling (BIM), Computer-Aided Design (CAD), and other critical data sources into a single, user-friendly format. This innovative approach to data management enables users to gain new insights, encouraging integrated and creative thinking among team members.

Having its roots in the prestigious London 2012 Olympics, Iventis has already earned recognition and adoption from key players in the sports and culture event domains. The company's bespoke systems can be readily adapted and scaled to support logistical operations across a wide range of industries, showcasing its flexibility and potential for growth.

Joe Cusdin, the Founder of Iventis, expressed his gratitude for the support from Mercia Asset Management PLC and other investors, stating, "This funding round marks a significant milestone in our journey to revolutionize collaborative working in the events industry and beyond. With the continued support of our investors, we are excited to accelerate our product development and expand our reach to new markets."

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