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SQCDP Unlocks Funding to Modernise Factories: A £200k Step Towards Manufacturing Innovation

Investors in this round: QVentures

LONDON, 7 February 2024 – SQCDP, a Newcastle-based SaaS startup, has successfully raised £200k to increase manufacturing efficiencies and support workforce engagement by removing problem paper systems in factories. The £200k funding is part of a wider pre-seed funding round which is still being raised. 

The funding round was led by London-based QVentures and several angel investors joined the round. Proudly based in the North-East of England, SQCDP is also a recent recipient of an Ignite Accelerator grant. 

SQCDP is a high-value and easy-to-implement application to replace the paper and spreadsheet-based systems currently used by many manufacturers, and an alternative to the high capital, hardware-intensive solutions otherwise available in the market. The app can be accessed from mobiles, tablets and desktops, and is a simple interface used to collect factory floor data and eliminates the use of spreadsheets, forms and whiteboards.

With a focus on connecting people and teams, SQCDP reports shift information in real-time, measured against targets to action and own their standards and performance. The app has proven to improve manufacturing operating efficiency by 15% and product quality by 5%, as demonstrated across early customer trials.

SQCDP was founded by Stephen Mitchell, an experienced manufacturing manager with 30 years in the industry working at companies such as BAE Systems and Coca-Cola Enterprises, and Brian Russell, a solutions architect with 30 years of experience working at a range of organisations such as HP, Capita, and RBS. The founders have a deep understanding of the needs and pain points of factory workers and have created this solution to upgrade and combat inefficiencies. 

Co-founder and CEO Stephen Mitchell, known as Mitch to most, says: “We’re excited to be working with QVentures as we look to grow the business. We’re certain that we’ll gain more in SQCDP than simply working capital, we’ll also tap into the experience of a leading VC who is already getting right behind us. This will shape our growth and enable us to make decisions in the best interest of the business during our startup journey. We’re sure that our ambitions are aligned and together we’ll be an unstoppable team.”

Harveer Bharaj, Principal at QVentures adds: “We’re excited to be joining Mitch and Brian on their journey in making SQCDP the standard operating system for factories and manufacturing plants. We’ve already been impressed by the level of execution they demonstrated for existing customers and have seen glowing references from a number of them. We look forward to continuing to support SQCDP as they modernise the manufacturing industry.”

SQCDP is the latest company to receive investment from the QVentures Pre-Seed SEIS Fund, which focuses on investing in software-driven solutions that disrupt traditional industries through efficiency.

For more information on SQCDP, please visit https://sqcdp.co.uk/ 

 


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SQCDP Unlocks Funding to Modernise Factories: A £200k Step Towards Manufacturing Innovation

SQCDP Unlocks Funding to Modernise Factories:  A £200k Step Towards Manufacturing Innovation

By QVentures QVentures Profile 07 Feb 2024