Bombiix Secures Funding for Expansion into New Markets
Deal News | Apr 03, 2025 | Finance Yorkshire Ltd
Finance Yorkshire Ltd. has invested £530,000 into Bombiix, a PLM solutions company founded by entrepreneur Lucy Blackley in Hull almost a decade ago. Bombiix's expansion is driven by a strategic vision to market its PLM technology to a broader customer base and hire additional staff, catalyzed by the need to comply with new sustainability regulations in the EU. The PLM solution developed by Bombiix efficiently optimizes product lifecycles from conception, development, to production. In addition to its established presence in sectors such as consumer goods, Bombiix aims to venture into other sectors like food and drink. The funding will also bolster Bombiix's marketing strategy. With prior clients such as Smiffys and Joanie Clothing, the company seeks growth across the UK, North America, Europe, and China. Finance Yorkshire's backing, combined with Blackley's leadership and the recent appointment of Neil Weaver as CEO, strategically positions Bombiix for substantial growth.
Sectors
- Technology
- Venture Capital
- Fashion and Consumer Goods
Geography
- United Kingdom – Bombiix is headquartered in Hull, East Yorkshire, with operations expanding throughout the UK.
- Europe – The regulatory compliance focus on EU sustainability aligns Bombiix with European operations.
- North America – Bombiix intends to expand its customer base, which includes existing operations in North America.
- China – Expansion considerations and existing consumer goods operations reach into China.
Industry
- Technology – Bombiix provides PLM software solutions, placing it within the technology sector.
- Venture Capital – Finance Yorkshire's investment in Bombiix identifies the venture capital sector as they fund scalable tech solutions.
- Fashion and Consumer Goods – The company's existing operations in fashion and consumer goods emphasize this industry classification.
Financials
- £530,000 – Investment from Finance Yorkshire for Bombiix's growth and expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bombiix | Target company | Company | Specializes in Product Lifecycle Management (PLM) solutions. |
| Finance Yorkshire Ltd. | Investor | Company | Provided a growth investment for Bombiix's expansion. |
| Lucy Blackley | Founder | Person | Entrepreneur behind Bombiix with a background in product development and fashion. |
| Neil Weaver | CEO | Person | Appointed as CEO of Bombiix, previously Global Supply Chain & IT Director at Cath Kidston. |
| Smiffys, Rubies, Radley, Joanie Clothing | Clients | Company | Existing clients of Bombiix's PLM solutions. |