UMA books investment for growth

BHP Corporate Finance is delighted to have acted as lead advisor to UMA and its directors on securing a Pre-Series A investment from Finance Yorkshire.

UMA, a SaaS business based in Halifax, provides software that manages meeting rooms, hot desking and climate control in an office environment. The business was created in response to the need for workplaces to innovate, simplify user experiences, improve collaboration, reduce real estate costs and drive operational efficiency.

The funding will be used to accelerate UMA’s growth plan across the UK and overseas, whilst creating job opportunities within the Yorkshire region.

Hamish Morrison and Will Holmes led the BHP fundraising team and are the retained advisors for UMA’s next Series A fundraise. Will Holmes said “We are delighted to have supported UMA in the early stages of its growth phase. Sharing the Management Team’s enthusiasm for innovative workplace environments, we quickly bought into the commercial prospects of the UMA solution and the impact it will have on the rapidly changing workplace model. We look forward to continuing to support UMA and its Management Team on its next exciting phase of development.”

Stephen Milner, founder and chief executive of UMA, said: “We are thrilled to receive funding from Finance Yorkshire’s Seedcorn Fund. We will be expanding our core team and are very pleased that UMA’s growth will create jobs in the Yorkshire region. We are developing a technology hub in Halifax and surrounding parts of Yorkshire and we are proud to be a part of this.”

This deal marks another successful transaction in the tech sector following on from the Auto Tech sale of SFS to Cazoo and the sale of Prop Tech business Glanty to OnTheMarket PLC.