The Algorithm People

Sector Software
Deal Type Growth Capital
Initial Investment May 2020
Transaction size Not disclosed
Location Newcastle Upon Tyne
Maven Office Edinburgh
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About The Algorithm People

The Algorithm People (TAP) has created the My Transport Planner, a cloud based platform that simplifies and introduces cost efficiencies for fleet operators in the optimisation of vehicles, people and assets. Whereas existing systems typically require a lengthy and costly implementation period, My Transport Planner does not require any software installation or ancillary hardware investment, and instead clients use an API interface to simply upload their scheduling needs, preferences and resources to a client dashboard.

By offering all of the benefits of fleet optimisation technology, but without significant time or cost implications, the TAP platform provides a viable option for the estimated 90% of UK fleets that are not able to consider existing solutions. TAP is well positioned to offer fleet operators a flexible platform from which it can automate vehicle scheduling and route sequencing, thereby delivering improved productivity, increased vehicle utilisation and reduced mileage.

Maven is delighted to be working with the TAP team as it looks to accelerate growth with the groundbreaking My Transport Planner platform. TAP’s innovative solution is allowing fleet and logistics operators to adopt optimisation technology in order to deliver improved vehicle scheduling and reduced emissions, where many were previously deterred by prohibitive costs and technical resource requirements.
Alan Robertson, Investment Director at Maven
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