Comparesoft raises £1.3 million from Blackfinch Ventures

LONDON, May 24, 2022 /PRNewswire/ -- Comparesoft, UKs fastest growing Comparison Platform for B2B Software has raised \xa31.3 million from Blackfinch Ventures.Comparesoft, a UK based scale-up dedicated to simplify the process of finding the right B2B software product has raised pre-Series A round from Blackfinch Ventures. On average, a typical B2B software selection process lasts anywhere between 3 to 12 months.Using Artificial and Human Intelligence, Comparesoft adopts an Ad-Free approach to recommend B2B software products.Nike, McLaren, Aston Martin, BAE Systems, EDF Energy, Transport for London, NHS and 11,000 such businesses have used Comparesoft to identify the right software options for their requirements.Blackfinch Ventures of Blackfinch Group which has over \xa3650 million in Assets under Management is a leading Gloucester based EIS and VCT Fund.Blackfinch Ventures led the first round in 2019 and also reinvested in this round, backing Comparesoft.Prasanna Kulkarni, Founder and CEO of Comparesoft said "Blackfinch Ventures first investment in Comparesoft in 2019 set the foundation for growth. I expect that to continue as Comparesoft provide a service that consistently delivers great value and results to customers in a market where the existing competitive solutions are failing. Comparesoft now has the foundations in place to continue to scale at a rapid pace; proven technology and playbooks, a strong team and culture, and a growing number of delighted customers driving increasing recurring revenues. We have strong conviction that Comparesoft will grow to become a market-leading comparison platform for B2B software and look forward to helping the company achieve that aim.