Qld Business Investment Fund makes fourth investment
The Queensland Government has invested in local digital scheduling and task management company Skedulo through its $100 million Business Investment Fund.
Skedulo plans to use the funds raised from the investment to expand its Fortitude Valley-based team by 50% to around 105 within the next 18 months.
The company was founded in 2013 and has rapidly become a leading digital scheduling and task management service provider. The Skedulo platform helped facilitate 10% of all COVID-19 vaccinations in the US during the pandemic, both on behalf of the federal government and major organisations including the National Basketball Association (NBA) and National Football League (NFL).
Queensland Treasurer and Minister for Trade and Investment Cameron Dick said the state’s investment is aimed at creating more high-value tech jobs for Queenslanders.
“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,” he said.
“By investing in Skedulo’s future, locally, we’re ensuring more homegrown talent stays in the Sunshine State.”
Skedulo CEO Matt Fairhurst said the company’s biggest team, which is leading its engineering and product development, is still in Brisbane despite its ongoing international expansion.
“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,” he said.
“Companies like Skedulo have a tremendous responsibility to figure out our part to play in that transition and return value to Australia as much as we can.”
The Business Investment Fund has also previously invested in space startup Gilmour Space Technologies, safety solutions provider Buildsafe and athlete-testing technology company VALD.
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