Mobysoft, a Manchester, UK-based predictive software for social housing providers, received an investment from Livingbridge’s Enterprise 2 fund.
The amount of the deal was not disclosed.
The company intends to use the funds to grow its UK social housing market share, increase investment in people and extend the use of predictive analytics into other areas of social housing.
Founded in 2003 by CEO Derek Steele, Mobysoft provides RentSense, a Software as a Service (SaaS) based predictive analytics service which delivers prioritized workload to social landlords. Using a range of data, the company’s algorithms present social housing officers accurate workload information.
The software is used daily by 91 social housing operators managing c.1 million properties.
Mobysoft has a team of 32.