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FibreCRM Limited

Visit FibreCRM's Website

A Chelverton Investor Club Investment

Location
Falmouth, UK

Sector
Software

Investment Type
Growth Capital

Deal Size
Total: £750,000

How much did Chelverton Investor Club Members invest
Ordinary Equity:  £250,000 (EIS Qualifying)

Date of Investment
May 2019

Key Milestones
Established in 2007
2014/2015:  CRM system built specifically for accountants
2017:  Partnership with IRIS
2018:  Partnership with Wolters Kluwer (CCH)

About FibreCRM
FibreCRM is the only CRM product exclusively designed for the accountancy market and that has the ability to integrate with the dominant accountancy practice software systems, IRIS and CCH.

Why did Investor Club Members invest
Leading product in an historically conservative market now rapidly embracing the benefits of CRM. Integrations with a number of practice management and other software providers are key USPs. These partners also provide opportunities to develop internationally and into related professional services fields.

How did we come across the company?
Introduction from one of our co-investors, FSE Group

Future plans
Whilst the initial focus is on UK domestic business, creating a platform in the US is likely to shape the medium term future as well as optimise the exit potential for investors.