CMS provider Totalmobile secures new investment to scale globally
UK-based field service management software provider Totalmobile has secured new investment from Five Arrows, the alternative assets arm of Rothschild & Co, and funds managed by Deutsche Beteiligungs AG (DBAG). This funding will fuel the company's global expansion and further solidify its position in the field service management software market, a crucial area for digital transformation across various sectors. The transaction awaits regulatory approval. The investment follows an exit for Bowmark Capital, which had previously backed Totalmobile since 2020. Totalmobile currently serves over 900 customers and 500,000 field workers. The company's revenue reached £58 million in fiscal year 2024 and anticipates continued growth in fiscal year 2025. This investment will support the development of Totalmobile's Field First platform and its expansion into new markets, including the Nordics and Australasia, where it has already made significant inroads. The move underscores the growing importance of efficient field service management solutions for sectors like healthcare, government, and infrastructure across Europe, promoting digital transformation.
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