FYLD funding news -London-based FYLD Secures $10 Million in Funding

In 2021, it raised £10 million in a Series A funding round led by Koru, the venture incubator of the Ontario Teachers’ Pension Plan, with SGN participating. In 2023, they extended this funding by an additional £12 million, also led by the Ontario Teachers’ Pension Plan, to expand the platform globally.

Shelley Copsey, FYLD’s CEO and co-founder, said, “NatWest’s trust in us and our top product shows that we are changing how fieldwork is done in the industry. This investment will help us grow in the U.S. and strengthen our market position as we prepare for our next phase of growth and create a more efficient field workforce.”

Simon Foss from NatWest added that this investment reflects their commitment to supporting innovative businesses like FYLD that contribute to economic growth. The funding will help expand it’s software, which improves safety and productivity through AI-enhanced workflows.

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About FYLD

Founded in 2020, FYLD is an AI-based platform that helps field managers make data-driven decisions and improve operations. It supports leaders in the infrastructure sector by streamlining processes, promoting sustainability, and focusing on the well-being of field workers. The platform offers complete visibility into daily operations and project lifecycles tackling important industry challenges.