Complex projects account for over 4% of the world’s GDP, yet only 7.8% are completed on budget and to time and profits are regularly in the single digits. Nodes & Links is world-leading in the field of complexity science and in its application to project management.
We’re incredibly excited to welcome the team to the Seedcamp Nation and invest in their £1.4M seed round, led by our friends at ADV and with participation from Entrepreneur First, to help Nodes & Links on their mission to increase the performance of complex projects around the world and across all industries.
Nodes & Links CEO, Greg Lawton, said, “The world of the future will not look like the one today: it will have hyperloops; space travel; sustainable living and total global interconnectivity. All aspects of change will be driven in one way or another by complex projects. Through this investment we can accelerate our work to make these endeavours more efficient and effective. By taming complexity, we will enter a new era of productivity with the complex projects we undertake, achieving what was before thought to be impossible.”
The company, which is headquartered in London and has a laboratory in Cyprus, has developed world-leading technology to quantify and control the effects of complexity. Its most recent deployments included de-risking the maintenance plan for a UK-based Nuclear Reactor, improving the baseline estimates of a £billion infrastructure project, and improving upon the industry-standard Critical Path Method by over 2,800% in the aerospace domain.
Nodes & Links is now building its capability into a hybrid-collective intelligence called Aegis and partnering with some of the world’s largest organisations to deploy its intelligence.
Greg Lawton continued, “By quantifying the causal and probabilistic relationships that exist between project KPIs and human actions we give managers, sponsors and executives confidence in the delivery of their most ambitious endeavours. Moreover, we give them the opportunity to improve and learn over time. The change that we are ushering in is as philosophically important as automation was for manufacturing and agile was for software development, and that is really exciting. Through this investment, we will be able to accelerate our growth and continue our work on producing world-leading research.”
On the investment our Partner, Tom Wilson, comments: “Rarely a week goes by without a headline somewhere highlighting the impact of the increasing complexity in projects across a multitude of verticals from construction to travel to defence. This pain point is being acutely felt and is impacting the entire economy as a result of spiralling and unpredictable costs. Nodes and Links are bringing increased clarity and predictability to such complexity and we’re delighted to be able to help them on their journey.”
Welcome QuarterOne to the Seedcamp Nation, the sales forecasting software which uses live data to help small businesses improve their sales forecasting.
QuarterOne was co-founded in 2018 by Richard Mann and Michael Foulkes who met while working at Black Swan Data where they identified a real need to fill the gap between cloud-based finance and sales applications. Their vision, to provide small businesses with the forward-looking insight that is so crucial to managing a growing business.
Richard Mann, comments: “Michael and I have worked together in two high growth startups and we’ve been amazed how hard it is for a small business to stay on top of its numbers. Not the backward-looking numbers that existing finance systems take care of, but the really valuable forward-looking numbers you want in your sales forecast. The ones that help you make better business decisions.”
“Existing forecasting solutions are designed for big corporates. Small business tools simply don’t do a good job with forecasting but there’s never a good time for a growing business to stand still long enough to make the change, even if it has the budget. That’s the problem that QuarterOne is solving and it’s great to secure Seedcamp’s financial backing and support at this early stage. Their experience of scaling up new businesses will be crucial as we look to expand our 2019 sales and marketing plans.”
On the investment, our Venture Partner and in-house sales expert, Stephen Allot, comments: “We continue to be excited by spotting and supporting world-changing start-ups early and are delighted to back the impressive QuarterOne team. Accurate sales forecasting for SMEs is a critical management challenge and there is a large global market for QuarterOne’s elegant software product. QuarterOne removes SMEs’ reliance on manual data and spreadsheets with an accessible and easy-to-set-up Enterprise application. We look forward to working with Richard, Michael and their team to enable QuarterOne’s SME customers to be successful.”
QuarterOne is already a Hubspot integration partner and has secured a number of launch clients in the UK, US and Australasia. It has ambitious plans to expand customer reach and to develop the product further in 2019.
The co-founding team brings significant expertise from time spent together at both MIG (Deloitte Fast 50 No.1) and Black Swan (Sunday Times StartUp Track No.1). Richard has also worked as CEO of a spin-out from University College London, as non-exec of an AIM listed mobile technology business and is currently a non-exec advisor to start-ups in the field of computer vision and automation.
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