Share this article Share this article SYDNEY, Jan. 28, 2021 /PRNewswire/ -- Australian global data analytics software business Phocas Software announces a AU$45 million (US$34 million) capital raise to accelerate its growth in America and the United Kingdom, expand into new industries and develop its core products. Ellerston Capital led the capital raise with a AU$35 million (US$27 million) equity investment. OneVentures, an existing shareholder who first invested in the company in 2018, provided an additional AU$10 million (US$7 million) equity financing, reinforcing the venture capital firm's confidence in the company. Phocas is a cloud-based data analytics Software-as-a-Service (SaaS) company with operations in the US, Australia and the UK. It is a growing, profitable company which should reach circa AU$50million in revenue by July 1, 2021. The business employs 200 people and has more than 1,900 mid-market customers, including Karcher, Burson Automotive, Repco, Henry Schein, Thermo Fisher Scientific and Fiskars Royal Doulton in Australia. Litex Industries, American Metals Supply, Dixie Plywood and Equipment Controls Company in the U.S. And Ruroc, Bayliss and Harding, Savona, Midfix and Wessex Packaging in the UK.