Fortitude Valley tech startup, Skedulo, has secured State Government with an equity investment from its $100-million Business Investment Fund.
Skedulo has become the fourth local company that is now backed by the QIC-managed Business Investment Fund along with Gilmour Space Technologies, Buildsafe and VALD. The tech startup was founded in 2013 by QUT graduate Matt Fairhurst and has now become a global player in digital scheduling and task management services.
Skedulo played a crucial role in the US Government’s fight against COVID-19, whose cloud-based software helped schedule vaccinations of hundreds of millions of Americans. This has led sporting leagues like the NBA and NFL to choose the platform to coordinate their vaccination rollouts.
“Skedulo has demonstrated significant success in recent years, and our government is excited to partner with them and contribute to their next phase of growth,” Treasurer and Minister for Trade and Investment Cameron Dick said.
He added that the State Government’s stake in the company will allow the startup to expand its Fortitude Valley-based team by 50 per cent, which means growing its staff to 105 from the current 70, within the next 18 months.
“Even with five offices across the world now, including San Francisco, London, Ho Chi Minh City and Sydney, Skedulo continue to recognise the benefits of doing business in Queensland.
“By investing in Skedulo’s future, locally, we’re ensuring more homegrown talent stays in the Sunshine State.
“With their cloud-based scheduling software, Skedulo provide an end-to-end solution that improves the user experience and strengthens the supply chain.
“As well as the health sector, Skedulo software is trusted in disability and aged care, disaster recovery, first aid training, with home solar panel installation, and for any mobile workforce.”
“As we keep expanding internationally our biggest team is still in Brisbane, leading our engineering and product development,” Skedulo CEO Matt Fairhurst said
“We’re extremely passionate about our Australian heritage as a company and what it means to be a great company in Brisbane.
“Investing in Australian technology is critically important for our future economy as we pursue opportunities in innovation and education.
In 2021, the company passed 35 million appointment bookings across the globe through its platform and raised $75 million in its Series C round, led by SoftBank Vision Fund.
