On Monday, London-based Gresham House Ventures, a growth equity investor, announced that it has committed a €4.25M investment in a Dublin-based SaaS platform Mobility Mojo.
Founded in 2018 by certified access consultants Stephen Cluskey and Noelle Daly, both wheelchair users, along with Patrick Hickey, the former CEO of Rothco, Mobility Mojo started by focusing on the hospitality industry before expanding to tackle accessibility issues in public and business sectors.
Mobility Mojo’s SaaS platform changes how organisations assess and improve the accessibility of their buildings.
This platform provides an easy and cost-effective way to capture, track, benchmark, and promote accessibility across all locations.
It cuts down on the time, inconsistencies, and costs of traditional audits, helping organisations meet high accessibility standards.
The platform works well in various settings, such as offices, manufacturing sites, retail banks, and stores, offering clear metrics for accessibility.
Stephen Cluskey, founder and chief executive at Mobility Mojo, says, “Gresham House Ventures has an exceptional track record of supporting fast-growing, impactful businesses like Mobility Mojo. This investment will enable us to bring our solutions to more businesses and organisations, delivering real improvements for those with accessibility needs.”
Fund utilisation
The investment will be held across the Mobeus and Baronsmead VCTs and will support Mobility Mojo to expand its marketing and sales teams, enhance its SaaS platform with AI capabilities, and recruit key talent to support the company’s growth trajectory.
As part of the investment, Caroline Tulloch will join Mobility Mojo’s board, bringing her extensive experience in scaling impact-focused growth companies to support the company’s next stage of development.
Since its launch, the company has seen significant revenue growth and now works with over 100 clients worldwide, including Accenture, Eli Lilly, and UBS.
Gresham House Ventures: Specialised in scaling companies
Gresham House Ventures is a growth equity investor specialising in innovative businesses in the consumer, healthcare, and enterprise sectors.
The team has been working together for over 10 years and has made over 100 investments in growth businesses.
Gresham House Ventures is part of Gresham House, a specialist alternative asset management group.
Gresham House invests across a range of strategies, with expertise in private and public equity, forestry, housing, sustainable infrastructure, renewable energy, and battery energy storage.
Joe Krancki, investment director at Gresham House Ventures, says, “Through this investment in Mobility Mojo, we are not only supporting an innovative business addressing a burgeoning market but are also contributing to a future where accessibility is standard practice, not an afterthought. Mobility Mojo is ideally positioned to deliver significant growth over the coming years as businesses become increasingly aware of the positive social and economic impact of creating more accessible spaces.”
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