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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.
15 December 2020, 2:19 am EST By
We have witnessed a decade of increasingly frantic discussion about the global tech skills gap crisis but for all that talk we have yet to see a viable solution - until now with the advent of elastic teams .
A recent McKinsey Global Survey found that 87 percent of executives said they were experiencing skills gaps in the workforce or expected them within a few years, whilst another study by Ceridian and Hanover Research found that employees with more tech skills would be needed by 80 percent of companies over the next two years. Meanwhile, IBM reported that more than 120 million workers across the world s 12 largest economies may need to be re-trained in the coming years.