YFM invests £2.5m in Biz2Mobile

YFM Equity Managers has invested £2.5m (€2.7m) in Biz2Mobile, a provider of software for industrial enterprise mobile devices.

The investment was made from the British Smaller Companies VCTs, and leads total funding of £3.6m alongside existing investors.

The capital will fund the company’s analytics tool Elemez, which allows users to monitor key mobile devices, which helps to reduce downtime costs and helps to improve productivity.

Biz2Mobile is led by founder and chief executive Julie Purves.