Money

Scottish project management start-up gets £400,000 investment



An Edinburgh-based project delivery platform has received a £400,000 investment from early stage investment group Equity Gap and Scottish Enterprise.

Sharktower launched in 2020 and has since grown to have clients in different industries such as education, energy and retail.

The new finding will enable the start-up to reach additional sectors in the UK, and further expand globally.

Sharktower’s artificial intelligence-based software enables project leaders to deliver better business outcomes by using only one platform.

It is based on co-founders Craig Mackay and Lynsey Taylor both having witnessed project waste and failure rates when delivering large scale transformation and change programmes throughout their careers.

Sharktower has also appointed Gordon Cooper as its chairman to help guide the company through the next stage of growth.

Copper founded and turned Visionware, a software company in the master data management sector, into a multi-million pound exit.

Mackay said: “We were painfully aware of how outdated methods and tools were no longer fit to deliver the rapid change needed for businesses to survive – we’re all being challenged to deliver more, and at a faster and faster rate, but we still face the stress and frustration of misalignment and surprises in projects.”

Taylor added: “The growth of remote working has opened up global opportunities faster than we had expected, and we now have project teams using Sharktower to deliver projects every hour of the day across the world.

“This investment will allow us to accelerate our growth and expansion globally.”

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