Deployed raises $4M to redefine how Statements Of Work are created and tasks are deliberate

Feminine based Enterprise Tech startup raises funding to rewrite the language of labor

UK-based Deployed at present introduced it has raised $4M in a seed funding spherical co-led by Amrock Ventures and M12 Microsoft Ventures, with participation from Portfolio VenturesMayfield FundHERmesa, and Angel Academe. Launched in 2020 by Emma Rees (CEO), Kayleigh Kuptz (COO) and Jamie Gannaway (CPO) with two authorities grants, Deployed is the one scoping platform that makes it easy to jot down, edit, and publish Statements of Work.

Whereas trillions of {dollars} are spent on contractually scoped tasks yearly, 65% of tasks fail to satisfy unique targets and 1 in 10 finish in authorized or fee disputes. Deployed’s purpose is to make tasks clearer and extra profitable by reinventing the copy pasted patchwork of e mail, Phrase and Excel processes concerned in writing, agreeing, and signing contracted work.

Deployed provides a single platform the place requestors of companies, procurement, authorized and compliance groups can navigate and collaborate on the request to signature workflow by way of an easy-to-use editor interface.  Which means C-suite leaders, who’ve watched their mission portfolio prices inflate by 20% since Covid, but constantly miss the time, funds or high quality metrics promised at first of tasks, can now perceive the advantages their tasks ship, and 10x their success by fixing poor mission definition up entrance.

In 2020, the corporate gained the worldwide Melinda Gates Feminine Founders award for enterprise expertise. 

Deployed will use its newest spherical of funding to additional function growth, apply assisted writing and generative AI, and develop new and present enterprise shoppers and increase hires. The company at the moment works with massive enterprise shoppers together with Randstad Sourceright, Expertise Options TAPFIN and Roche.

Emma Rees, CEO and co-founder of Deployed, an outsider to the company world who went from hairdressing to start-up over a 20 12 months profession, stated: “It’s empowering to be a part of the “2% of the two%” (solely 2% of VC funding goes to majority feminine founders and of that, lower than 2% is in Enterprise SaaS). With most company work now globally distributed, mission based mostly and delivered by third events, we want a brand new approach to interact for companies. We began Deployed to assist everybody outline work higher and align on clear targets early on”.

Hugo Chardon, co-Founding father of Amrock Ventures, stated: “I used to be taken from the very first pitch that this was fixing an issue that has been slipping via the gaps of company governance. It was very clear that the founding staff, Emma, Kayleigh, and Jamie, have been a successful one, bringing deep experience and a balanced mindset.” 

“Deployed is a class defining begin up that reimagines the Enterprise Useful resource Planning stack to cease mission failure from the beginning. We’re delighted to help the Deployed staff and comply with on with funding,” stated Peter Berg, Managing Companion at M12.

James Pringle, VC at Portfolio Ventures says “Our funding in Deployed was based mostly on their sturdy product-market match, notable progress trajectory, and their concentrate on addressing an underserved market phase.”

Originally posted 2023-05-18 07:00:09.