Sheffield hospitality software firm raises £500k after 400% increase in customer base

A Yorkshire software company has announced that it has raised £500k to meet increased demand for its hospitality services.

Airship Services, based in Sheffield, has received the £500k funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF).

The company, which provides software for the hospitality sector, has reported a 400 per cent increase in customers since the start of the first lockdown.

Airship has also grown its annual recurring revenue by 200 per cent to more than £1m in the year to the end of May and has taken on 12 additional staff, bringing the total number to 30.

Dan, CEO of Airship, commented: “The past year has been one of the most difficult in living memory for hospitality operators and we have done all we can to help them survive.

“However, there is now a strong sense of optimism and operators are expecting a boom in business. The funding will help us to further develop the products and take advantage of the opportunities ahead.”

Will Schaffer, investment director with Mercia, said: “The pandemic has increased uptake of technology and made hospitality firms more aware of its role in driving their business forward.

“Dan and the team have bucked the trend over the past year and with the hospitality sector now reopened, there is lots of potential for further growth.”