SQCDP Secures £200k Funding to Revolutionize Manufacturing Efficiencies
LONDON, 7 February 2024 – SQCDP, a Newcastle-based SaaS startup, has recently secured £200k in funding to enhance manufacturing efficiencies and promote workforce engagement by eliminating paper systems in factories. This funding round, which is part of a larger pre-seed funding round, was led by London-based QVentures, along with the participation of several angel investors. SQCDP, based in the North-East of England, has also received an Ignite Accelerator grant.
SQCDP offers a high-value and user-friendly application that replaces the paper and spreadsheet-based systems commonly utilized by manufacturers.
It serves as a convenient alternative to the costly and hardware-intensive solutions available in the market. The app can be accessed from various devices, including mobiles, tablets, and desktops, providing a simple interface for collecting data from the factory floor. By eliminating spreadsheets, forms, and whiteboards, SQCDP facilitates real-time reporting of shift information, enabling teams to take ownership of their performance and standards. Early customer trials have shown that the app improves manufacturing operating efficiency by 15% and product quality by 5%.
SQCDP was founded by Stephen Mitchell, an experienced manufacturing manager with a background in companies like BAE Systems and Coca-Cola Enterprises, and Brian Russell, a solutions architect who has worked at HP, Capita, and RBS. With their extensive knowledge of the needs and challenges faced by factory workers, Mitchell and Russell have developed SQCDP as a solution to enhance efficiency and address inefficiencies. Co-founder and CEO Stephen Mitchell expressed enthusiasm for partnering with QVentures and leveraging their expertise to support the growth of the business. Harveer Bharaj, Principal at QVentures, emphasized their excitement in joining SQCDP's journey in revolutionizing the manufacturing industry.
They've invested in SQCDP.co.uk (SQCDP)
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