Cass invests in FibreCRM to help technology company grow

Cass has invested £250,000 in FibreCRM, a specialist cloud-based Client Relationship Management (CRM) system specifically for accountancy practices.  The CRM system integrates the different technologies used by accountancy practices, allowing an easier flow of information and ultimately helping make accountants’ lives easier.

The Cass investment is part of a £750,000 round, which also includes the Cornwall & Isles of Scilly Investment Fund (CIOSIF), and the Chelverton Investor Club, managed by Chelverton Asset Management.

The company already has an impressive client list boasting some of the UK’s most progressive accounting firms and is experiencing growing interest in its innovative software. The solution helps firms build stronger relationships by being more productive and proactive with their marketing, business development and operations, in addition to bringing much needed visibility throughout the practice.

FibreCRM founder and CEO, Simon Leek, said: “The investment comes at a crucial time, enabling us to grow the team in Cornwall, build capacity to service increasing demand and continue to innovate. We are thrilled that our product is being so well received by the industry, as evidenced by our recent shortlisting for Accounting Excellence’s software innovation of the year award.”

Linda Coyle, Investment Manager at the Cass Entrepreneurship Fund commented “we are impressed with the industry knowledge of the team, the level of customers and partnerships achieved to date and therefore, are delighted to support FibreCRM in their next phase of growth”.