The business provides a comprehensive cloud-based logistics software solution designed to streamline fleet operations.

The transaction includes funding from Maven Investor Partners and IFS Maven Equity Finance, from the Investment Fund for Scotland (IFS), managed by Maven and delivered by the British Business Bank. The investment will be used to further scale and internationalise the business, as well as support the rollout of its latest enterprise software solution.

Established 25 years ago, Podfather has built up a strong reputation for its commitment to innovation and customer support, positioning the business as a trusted partner to a diverse blue chip client base looking to enhance their logistics operations. Podfather operates across multiple industries, including logistics, construction, food & drink, and healthcare, with its platform offering a fully integrated enterprise solution which includes route planning and optimisation, electronic proof of delivery, vehicle checks, real-time tracking and notifications, and detailed reporting.

The fleet management solutions market is experiencing strong growth, driven by the increased use of remote fleet management technology by operators seeking to improve efficiency, sustainability and safety. This increased adoption means the market is expected to reach $84.3 billion (c. £65.77bn) by 2032, at a CAGR of 17.4%.

David Milroy, partner at Maven, said: “Podfather is a leading operator within its field, and we are delighted to have provided our clients with the opportunity to invest in this well established and profitable business.

“With our backing, and the clear ambition of Colin and his team, we are confident Podfather’s growth strategy can be realised and we look forward to helping the business capitalise on the growing market opportunity.”

Colin McCreadie, managing director at Podfather, added: “Maven’s backing comes at an exciting time for Podfather as we continue to innovate and scale, and it further strengthens our position as a leading player in logistics management software.

“We are working to bring a new, innovative product to market, and through this partnership, we can accelerate that launch process. Most importantly, this partnership will enable us to deliver even greater value to our clients, helping them operate more efficiently, make smarter decisions and stay ahead in an increasingly complex logistics landscape.”

Sarah Newbould, senior investment manager, nations & regions investment funds, at the British Business Bank, said: “Podfather is a great example of a well-established Scottish business using technology to drive efficiency and enhance operations.

“The Investment Fund for Scotland is committed to backing high-growth companies that strengthen the local economy, and adds to the many businesses within Scotland’s tech ecosystem already benefitting from the fund. We are pleased to support Podfather as it continues to scale, expand its market reach, and develop new cutting-edge products for the industry.”