Distributed Raises £8M in Funding


Distributed, a London, UK-based provider of on-demand software teams, raised £8M in funding.

The round was led by Downing Ventures and Guinness Ventures, with participation from Fuel Ventures, and Capita. Together with the Series A fundraise of £5m in May 2021, Distributed’s total investment secured now stands at £17m.

The company intends to use the funds to make further improvements to its workforce experience and extend the international reach of its Elastic Team of freelance developers.

Led by CEO Callum Adamson, Distributed provides a platform for clients to work with fully managed, globally distributed teams as easily as local teams, allowing them to build and maintain software to a higher standard. The company maintains a workforce of full-time project managers, technical leads and quality assurance professionals that are deployed on every client project. With Elastic Teams, clients can scale up and down team activity based on requirements and compose their teams of any programming skill sets.

The fundraise tops off a year of rapid growth for Distributed, underpinned by a £30m partnership signed with BT in February. In addition to this financial investment, the company has also made significant improvements to its platform, acquiring core IP that will accelerate product development by approximately six months.

Clients include Capita, WPP and the Ministry of Justice.