Saturday 14th June 2025
XU Biweekly | No. 107
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Saturday 14th June 2025 | No. 107
XU Biweekly
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ELMO Group acquires AI-powered workforce leader Rotageek in major UK expansion E LMO GROUP, THE PARENT COMPANY OF LEADING UK SME HR PLATFORM BREATHE HR, HAS ACQUIRED ROTAGEEK – A UK AI-DRIVEN WORKFORCE MANAGEMENT AND ROTA SOFTWARE PROVIDER. THIS STRATEGIC ACQUISITION STRENGTHENS ELMO GROUP’S POSITION IN THE UK MARKET AND REINFORCES ITS COMMITMENT TO DELIVERING CATEGORY-LEADING SOLUTIONS FOR GROWING BUSINESSES. A trusted people technology software provider,
ELMO Group serves over 18,000 customers across Australia, New Zealand and the UK. By combining ELMO Group’s scale and HR expertise with Rotageek’s cutting edge technology, this acquisition sets a new standard in workforce management – delivering an intelligent, end-to-end platform that supports organisations at every stage of growth, from SMEs to complex enterprise operations.
In the UK, the ELMO Group provides HR software solutions through both ELMO UK and Breathe HR. In total, ELMO and Breathe support
over 16,000 companies in the UK to streamline their HR operations, saving over a million hours in admin annually. Breathe HR is trusted by organisations such as the RSPCA, Wrexham AFC, Brixton Brewery, and dryrobe, while ELMO UK supports brands including Carlsberg, Grind, and Northampton Saints. Founded in 2009, Rotageek began as a smart scheduling tool for A&E departments.
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Sleek Raises US $23 Million Series B Led by Ellerston Capital; Now Valued at Up to US $175 Million
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LEEK, A LEADING PLATFORM FOR INCORPORATION AND ACCOUNTING FOR SMES AND ENTREPRENEURS, ANNOUNCED TODAY A USD 23 MILLION SERIES B LED BY AUSTRALIAN INVESTMENT FIRM ELLERSTON CAPITAL, ONE OF THE LEADING AUSTRALIAN INVESTMENT MANAGEMENT FIRMS.
Saturday 14th June 2025
THE ROUND ALSO INCLUDED PARTICIPATION FROM MONEY FORWARD, A PROMINENT ACCOUNTING SAAS PROVIDER IN THE ASIA-PACIFIC REGION. This investment underscores the strong positioning of Sleek as a comprehensive one-stop-shop for SMEs, emphasising exceptional service deliv-
ered through cutting-edge technology. It also validates the attractiveness of Sleek's established and diverse geographical footprint, currently serving clients in Singapore, Hong Kong, Australia, and the UK.
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Projectworks $12M USD Series A extension: Powering our mission to get consulting back to the work that matters
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E’RE THRILLED TO SHARE THAT WE’VE ADDED $12M USD TO OUR SERIES A, THANKS TO A SIGNIFICANT FUNDING EXTENSION LED BY NEW INVESTOR TEN COVES CAPITAL, ALONGSIDE CONTINUED SUPPORT FROM BRIDGEWEST GROUP AND PUNAKAIKI FUND. THIS BRINGS PROJECTWORKS’ TOTAL FUNDING TO OVER $20M USD - A MILESTONE MADE POSSIBLE BY THE 15,000+ CONSULTANTS WHO TRUST US EVERY DAY. Backed world
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This new investment brings Projectworks’s total fund-
ing to more than $20M USD, making it a massive milestone for our company - and the 600+ firms who use our software. This new funding reflects a belief that nimble, expert-led consulting firms — armed with the right tools — can take on the world. Our new US-based investor Ten Coves Capital comes with a stellar track record of backing and scaling highgrowth start-ups, and we’re excited to have them backing our mission. “It’s a good time to challenge the status quo. With the latest advances in project intelligence, specialists with lean teams and deep experience can go toe-totoe with larger firms — and win. Projectworks is the first end-to-end solution built for
consultants from the ground up. It breaks down silos that get in the way of growth, and gives firms the tools to bid for and manage projects from a position of strength. Having backed Mark Orttung when he served as president of BILL, we are thrilled to reunite with him and support his team as they break new ground in the professional services automation space.” Steve Piaker, Managing Partner, Ten Coves Capital. We’re excited to welcome Steve to our board of directors, knowing his insights will help us build a better business, and a smarter platform, for our customers.
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