Mobeus nurtures Connect Childcare with £4m for growth
Mobeus has invested £4m into Connect Childcare, the UK’s leading Nursery Management software. Its market-leading technology solutions provide a single, comprehensive, end-to-end system for nursery administration.
14 of the top 25 UK nursery chains, nurseries and pre-schools use Connect Childcare to manage nursery activities, including logging observations of children (meals and naps), invoice and payment management, and parent communication. This allows nursery staff to focus on providing the highest-quality childcare and to spend more time developing the children in their care.
The new investment will be used to support the launch of a new payment offering and a Software as a Service solution. The SaaS product can be installed remotely and integrates easily with third party applications, making it more flexible and scalable. As part of the investment, the business will strengthen its Sales and Marketing team, develop product marketing and drive further growth from its market-leading position.
To support the high quality management team, Mobeus has introduced Bill McCall as Chairman. McCall was the Chairman at ASL, the independent managed office services supplier that Mobeus exited successfully in 2019. Bill previously chaired a number of large nursery groups within the UK.
The Mobeus deal team comprised Jane Reoch and Rowan Grobler, who originated the transaction. Rowan Grobler, Mobeus Investment Manager who will be joining the Board, comments, “This is a fantastic time to be investing in Connect. The business has a well-established, market leading position and is now seeking to capitalise on that by commercialising and rolling out new generation solutions to its committed client base and beyond.”
Mobeus was advised by Cripps Pemberton Greenish (legal), Consilium Chartered Accountants (Financial), Intechnica (IT) and Billy Hodgins (CDD). Connect Childcare, a Deepbridge Capital investee company, was advised by Bermans (Legal).
13 January 2021
“We’re thrilled to welcome Mobeus to the team and feel that the transaction and reinvigorated Board represent a very exciting new chapter for the business. The company vision is to develop technology solutions that improve outcomes for children and the investment will enable us to cement our position as the UK’s market leader, build out an already strong team and deliver our ambitious growth plans.”
Chris Reid, Connect Founder and CEO