Software firm xtype secures $10.8m funding amidst rising ServiceNow demand

Funding Rounds

▤ Summary

The startups successful fundraise is testament to the confidence investors have in its product-market fit and its proven ability to overcome customer challenges, utilising ServiceNow to its greatest potential. Moreover, xtype plans to refine its core product further, addressing more specific customer pains, including growing backlogs of undeployed updates, off-hour work to meet deadlines, and an inability to innovate at the pace demanded by the business. These achievements include over 75,000 deployments using its product, hundreds of xtype View downloads from the ServiceNow app store, and attracting numerous high-profile firms such as Zurich Insurance, Heineken, major banks, and healthcare providers. Justin Label, Managing Director of Innerloop Capital, echoed Gidrons sentiment, saying: "With this, we are eager to support the next stage of growth for the company and invest further into its unique product offering." The agile software delivery firm will be a proud sponsor of the upcoming ServiceNow World Forum events taking place in Dallas, Toronto, and New York.

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