Manchester rail tech start-up secures £650k investment
Manchester-based tech start-up Raildiary has secured a £650,000 investment from the Rail Supply Growth Fund and Angelgroups to support its continued expansion in both the UK and overseas.
The company’s Sitediary app, available on a subscription basis, contains digital project management tools allowing construction contractors to save time and money by moving away from their traditional paper shift records. It also allows them to produce more detailed, insightful and real-time reports tailored to the rail construction sector.
The investment will help Raildiary increase its workforce and accelerate its product development work, leading to the creation of market-leading data collection and analysis tools for the rail construction industry.
Raildiary MD and founder William Doyle said: “This investment is a fantastic opportunity for us to develop our business. The funding will support our product growth and allow us to transform the way the UK and international rail markets deliver their projects.”
The Rail Supply Growth Fund is managed by Finance Birmingham and funded by central government. It provides flexible finance to businesses across England that are focused on capitalising on opportunities across the global railway sector.