Published: Jul 19, 2022
Focus: Growth Capital
The Maven VCTs have invested in Northamptonshire based Zinc, a SaaS (Software-as-a-Service) solutions provider specialising in safety, security and critical event management. Its products help public and private sector organisations to optimise decision making, mitigate risk and streamline business processes, with a client base including the Environment Agency as well as Kingfisher and Allied Universal.
The VCT funding will enable Zinc to expand its sales and marketing teams as well as invest in further product development, which includes the launch of its innovative new SYNAPSE Analyst solution, to enhance the existing SYNAPSE global incident and threat intelligence platform, used by major organisations internationally.
The global incident and emergency management market is growing at a compound annual growth rate of 6.7% and is expected to be worth $171.8 billion by 2026 (Source: MarketsandMarkets, 2021). This growth is being driven by an increasing demand for crisis, emergency and incident management platforms like Zinc’s as businesses seek improved safety and security solutions against a background of increasing concern around the effective management of natural and manmade threats.
“We believe that Zinc offers an excellent opportunity for investment into a scaling business that is operating in a market supported by positive sector dynamics. The Company is led by a very capable team, and they have made good commercial progress to date. Growth is backed up by strong recurring revenues and a strong pipeline of prospective new clients. We are delighted to have structured a solution which will support the delivery of management’s ambitious targets.”
Melanie Goward, Partner at Maven
“We are delighted to have Maven as our partner on the journey ahead as we grow our business into a global provider of security and safety incident and risk management software. The Maven team have demonstrated great commitment to our business, and we look forward to their support on this new, exciting chapter of Zinc Systems”.
Joe Zielinski, CEO at Zinc