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Distributed, a London UK-based on-demand and Elastic™ software talent startup, raised £5m in Series A funding.
The round, which brought total funding raised to date to over £9m, was led by Guinness Asset Management with participation from Fuel Ventures, Filippo Sarti and Andreas Mihalovits.
The company intends to use the funds to scale its operations and platform features.
Led by Callum Adamson, CEO and Co-founder, Distributed is a tech-enabled startup which allows companies to work through Elastic Teams™️ – fully managed, globally distributed teams – to build and maintain software to a higher standard without the need for technical development teams-in-residence.
The funding comes after Distributed announced a partnership with Capita plc in 2020, which has accelerated the adoption of Distributed’s Elastic Teams™ across Capita’s network of Enterprise customers.
Lessons in remote management from software developers.
by Stephen Jones
Callum Adamson is clear: after nearly a year of lockdowns, many companies still don t understand what good remote working looks like. Instead their approach has been the equivalent of jumping into a lifeboat and calling it sailing.”
What gives a 40-year-old aerospace engineering drop-out such insight into the nuances of WFH and the needs of remote teams? He’s spent the last four years building them.
In lay terms the company he co-founded in 2017, Distributed, acts as an outsourcer for software developement teams. Clients - which include The Ministry of Justice and Capita - will come to it with a project, for which Distributed will build a team of freelance software developers, using an internal, AI-driven vetting process.
Stuart Gentle Publisher at Onrec
12 Jan 2021|
“Elastic teams” offer jobs lifeline for high-skilled workers facing uncertainty
High-skilled tech workers facing jobs uncertainty in the wake of the economic double-impact of coronavirus and Brexit are being thrown a lifeline by British start-up Distributed.
The company has created “elastic teams” consisting of tech freelancers who work on-demand for a range of clients, giving employers access to specialist expertise on a flexible basis.
Callum Adamson, CEO of Distributed, said: “Low-skilled workers who lose their jobs can often rely on the safety net provided by companies like Uber but there hasn’t really been a similar option for high-skilled workers facing uncertainty, until now.