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Newcastle tech firm Seriös Group to treble workforce after six-figure investment

A data and test solutions provider is aiming to create 100 jobs and roll out a new product following six-figure investment.

Seriös Group is launching a data platform accelerator.

Known as Seriös One, the firm says it will turn enterprise and data into insights, analytics and solutions for specific client requirements.

Lee Rorison, Seriös Group chief executive and co-founder, said: “The new Seriös One platform helps businesses make data-driven decisions with an initial focus on energy efficiency and space utilisation to drive down costs, and we’re excited by the potential it has to make a substantial difference to our commercial performance.

“Trebling the size of our workforce by creating 100 new jobs over the next three years is an ambitious target, but we’re extremely confident we have the products, services and resources we need to achieve it.”

The Newcastle-based business worked with NEL Fund Managers to secure cash from the North East Growth Capital Fund – which is supported by the European Regional Development Fund – to fashion its growth plans.

Jane Siddle, NEL Fund Managers’ senior investment executive, said: “Seriös Group has made extremely impressive progress over a short period, with the value of the solutions and insights it provides being clear in the commercial success it is enjoying.

“The management team has a clear plan for growing even more quickly over the next three years, and we’re very pleased to be part of it.”

The North East Growth Capital Fund has been designed to create around 790 jobs in more than 70 regional firms over the life of the programme and offers unsecured investments of up to £500,000 to established businesses looking to realise their growth potential.

December 22, 2023

  • Technology

Created by North East Times