#United Kingdom #Nottingham #Cronofy #BGF #Scheduling

Cronofy Closes £15M Investment for Growth and Innovation

In a significant development, Cronofy, a leading provider of scheduling infrastructure based in Nottingham, UK, has successfully secured a £15 million investment from BGF, one of the most renowned growth capital investors in the UK and Ireland. This funding will enable Cronofy to accelerate its growth trajectory and enhance its product offerings in the realm of embedded scheduling, crucial for businesses worldwide.

Founded by experienced engineers Adam Bird and Garry Shutler, Cronofy has positioned itself at the forefront of real-time scheduling solutions, providing their platform to over 180,000 organizations globally. Their technology seamlessly integrates with existing business workflows, enhancing scheduling capabilities across various sectors, including recruitment, healthcare, and professional services.

Strategic Growth and Market Expansion

The freshly acquired capital will be pivotal in supporting Cronofy's ambitious expansion plans and advancing its innovative product development strategy. Notably, a substantial portion of the investment will be allocated to enhancing their core offerings and venturing into new use cases as the company eyes further growth in international markets, especially the lucrative U.S. market, where approximately 60% of their revenue originates.

Adam Bird, the CEO and co-founder of Cronofy, articulated their vision stating, "We were seeking a partner to support the next stage of our growth journey, and BGF offers the experience, flexibility, and scale to help us achieve our goals. Scheduling is a critical but often overlooked business function, and our mission is to simplify it in a secure and privacy-first way for organizations worldwide."

The investment serves not only as an opportunity for further growth but also provides a partial exit for Cronofy’s early investors, who have backed the company since its inception back in 2016. With a decade’s worth of experience in refining their platform, the company continues to prioritize a user-centric approach while integrating scheduling solutions into existing systems, thus saving users valuable time and resources.

Driving Efficiency and Customer Satisfaction

Among its extensive global clientele, notable brands like Indeed, Houzz, and Docplanner have adopted Cronofy’s tech to streamline their scheduling processes effectively. One standout case is Wise, a prominent fintech company, which reduced its interview scheduling time from six days down to only 90 minutes with the aid of Cronofy’s platform integrations.

BGF’s Partner Seb Saywood praised Cronofy’s successful track record, indicating that their embedded scheduling infrastructure is recognized globally for its reliability. Saywood emphasized the appealing return on investment Cronofy offers across diverse customer types and sizes, including large enterprises. He expressed eagerness to work alongside Cronofy’s adept management team, who have repeatedly demonstrated their ability to solve customer issues and scale technological advancements.

Conclusion: A Bright Future Ahead

As Cronofy looks ahead, the infusion of funds positions them to greatly increase their market share and pursue greater innovation in scheduling technology. With a commitment to maintaining the highest levels of security and EU compliance, Cronofy aims to redefine how scheduling is managed globally, laying the groundwork for the future of business efficiencies.

As the company navigates this new chapter of growth, its focus on customer-centric and secure solutions promises exciting developments in the coming years.

• ---

Stay tuned as Cronofy impacts even more organizations and industries with its innovative scheduling solutions. For more information, visit Cronofy’s website for updates on their latest initiatives and growth milestones.