Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Fergus raises $3.5 million to drive global expansion

New Zealand tech company Fergus raises $3.5 million to drive global expansion

Fergus, the leading job management platform for growing trades businesses in New Zealand, announced today a $3.5 million AUD investment led by Sydney-based, Microequities Venture Capital Fund.

The financing will be used to accelerate growth in Australia, and further its global expansion as the go-to job management software for the trades industry. As part of the financing, Howard Leibman, from the Microequities Venture Capital Fund, will join the Fergus Board of Directors.

With thousands of tradesmen around the world already using Fergus and heavily relying on its features to run their day-to-day operations, Mr Leibman believes Fergus has demonstrated significant early potential to dominate the market for job management software globally. "Fergus is becoming increasingly embedded in the Australian trades and services sector and is enjoying early traction in key international markets. Funds raised in this round will allow Fergus to appropriately resource its sales and marketing capabilities, and to ultimately replicate the success achieved in New Zealand, in Australia and beyond,” Mr Leibman said.

Fergus was founded in 2011 by veteran trades businessman, Dan Pollard, who has over 20 years experience in the trades industry. Mr Pollard’s experience includes founding and managing one of the largest plumbing maintenance companies in New Zealand, giving him an intimate understanding of the many challenges faced in the sector. “Fergus was built because I needed a software solution to help manage my business and the products available in the market just weren’t up to scratch,” Mr Pollard said.

After building Fergus to provide a solution for his own plumbing company, Mr Pollard saw his business catapult from a 4-vehicle operation, to a 15-vehicle plumbing empire in just 4 years. This was a feat previously difficult to achieve due to the stress and administrative burden associated with trying to expand a trades business.

“After I saw the success it brought to my business I realised I had tapped into something special and had to roll Fergus out further.” Mr Pollard.

Mr Leibman also commented that he has seen first hand the extent to which Fergus helps its customers transform their operations, with thousands of users crediting the software as a driving force to create the efficiencies and profitability needed to grow their business.

He believes this unusual level of advocacy has helped Fergus achieve its significant early adoption, primarily through word of mouth.

“Customers are telling us that Fergus has become a critical aspect to their own ability to manage their businesses. We’re certain that Fergus has developed the best job management product for the mid-market trades sector and we look forward to working with Dan and the team to help establish a dominant market position in Australia and beyond.”

Mr Pollard is excited to be working on the next phase of Fergus’ global expansion with the support of Microequities Venture Capital Fund.

“The investors supporting this round are bringing decades of experience in helping technology companies scale. Having such a strong sign of support gives our team real confidence about the path we’re taking.”

Interviews with CEO of Fergus, Dan Pollard, and Howard Leibman from Microequities Venture Capital Fund available on request.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Wainui: Major Infrastructure Partnership For North Auckland

Minister of Housing and Urban Development Phil Twyford and Auckland Mayor Phil Goff today announced a partnership that will fund $91 million of roading and wastewater infrastructure to support the building of 9000 homes... More>>


NZ's Space Programme: Rocket Lab Reaches Orbit Again

Rocket Lab has continued the success of its 2018 orbital launch program with the launch of seven payloads to orbit. The mission marks Rocket Lab’s second successful orbital launch and deployment of customer satellites. More>>


Supreme Court: Labelling Swamp Kauri Slab A Tabletop Doesn't Make It One

New Zealand's highest court has ruled that exporting slabs of swamp kauri as "tabletops" or swamp kauri logs as "totem or temple poles" is illegal under the Forests Act. More>>


Starting Ending Offshore Drilling: Green Party Celebrate Passing Of Oil And Gas Bill

“This Bill is an essential first step in winding down offshore exploration for new sources of fossil fuels. We are in Government together to do this work, to create the change our people and our planet need to flourish." More>>


Reserve Bank: Official Cash Rate Unchanged

The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020. More>>