Mobile GIS Services (MGISS), a Liverpool, UK-based geospatial firm whose software helps utility companies to map the location of pipelines and infrastructure and keep services up and running, has secured £600,000 in funding.
SaaS Investors
The investment was from the Northern Powerhouse Investment Fund's Mercia Equity Finance.
The Northern Powerhouse Investment Fund, supported by the European Regional Development Fund, provides commercially focused finance through Microfinance, Debt, and Equity Finance funds. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow, and build UK economic activity.
MGISS Use of Funds
The funding will be used to develop a new system in partnership with the European Space Agency, utilizing high-resolution satellite images to help utility firms monitor key locations and reduce the need for helicopter flyovers. MGISS expects to create 11 new jobs as a result of the funding.
About MGISS
Mobile GIS Services is a provider of mobile geospatial services designed to measure spatial data out in the field. MGISS uses satellite data and mapping technologies to assist utility companies in mapping the location of pipelines and infrastructure to prevent service interruptions. Current clients include Northumbrian Water Group, Wales and West Utilities and Severn Trent Water, construction firms such as Galliford Try, and bodies such as the National Trust which uses its systems to map heritage sites, and South West Peatland Partnership which uses them to monitor conservation work.
Funding Details
Company: Mobile GIS Services Limited
Raised: £600K
Round: Unknown
Funding Month: January 2024
Lead Investors: NPIF – Mercia Equity Finance
Additional Investors:
Company Website: https://mgiss.co.uk/
Software Category: Geospatial Software
Source: Pauline Rawsterne, PR Agent-Turquoise PR