Index Ventures has led a $870,000 seed round into Resource Guru, a London-based startup that wants to disrupt companies’ use of spreadsheets to manage staff, equipment and other resources — and replace them with its cloud-based team scheduling software.
“Most managers still rely on complicated spreadsheets or cumbersome software to manage their teams and resources, neither of which makes allocating resources particularly easy and efficient,” said Robin Klein, partner at Index Ventures, in a statement. “We’ve been impressed how Resource Guru tackled this problem with its simple to use online tool that leads to huge time savings and increased productivity.”
Prior to this round Resource Guru, which was founded back in May 2011, had raised money from friends, family and angel investors. Other investors in the seed round included both existing and new names but these have not been disclosed. Its total funding to date stands at $1.14 million.
Resource Guru said it will use the new funding to “accelerate hiring, product development and customer acquisition”. The startup launched its scheduling app in May 2012 but is not currently breaking out customer numbers (although it name-drops Saatchi & Saatchi, Vodafone, Intel, Roche, ASOS and National Geographic Channel as among the unknown number).
It also says users of its platform have created more than 296,000 bookings on over 31,000 projects, so make of that what you will.
One thing to note is it’s not gone down the freemium route, but rather charges a subscription fee for all users of its software. This starts at $19 per month for a “mini” offering (for up to 10 people), rising to $99
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