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The field service management software company has secured new private equity backing to support company expansion, innovation and continued platform development.
The new phase of growth, backed by investment from Five Arrows, the alternative assets arm of Rothschild & Co, and funds managed by Deutsche Beteiligungs AG (DBAG), will enable Total Mobile to accelerate innovation, continue its international expansion, and deliver even greater value to its customers worldwide. The transaction is subject to regulatory approval.
Totalmobile has built strong momentum in recent years, launching its first-of-a-kind Field First platform – designed exclusively for global field service teams – expanding its international footprint in the Nordics and Australasia, and strengthening its positioning in the Fire and Rescue rostering arena with the acquisition of Gartan Technologies. It has also achieved strong organic growth in existing markets and extended into new sectors.
Revenues for the business have also risen year-on-year, reaching £58 million in FY24 with strong growth continuing through FY25.
Today, the company supports over 900 customers and more than 500,000 field workers across growing global sectors, including health & social care, government, property & FM, commercial and infrastructure.
Phil Race, Chief Executive Officer of Totalmobile (pictured left), said: “This investment from Five Arrows and DBAG marks the start of an exciting new chapter for Totalmobile. We have made huge strides but there is still so much to do; this investment is an endorsement of our mission to transform the lives and work of those in Field Services and gives us the impetus to continue transforming how field services are delivered globally. We now have the opportunity to establish ourselves as the true global leader in field service management software, built on two key pillars: first, the commitment, engagement, and belief of our customers and partners and second, the drive and talent of our team, who are the foundation of everything that we do.”
Sacha Oshry, Partner at Five Arrows, commented: “Totalmobile has built an impressive platform that delivers measurable impact for customers across the public and private sectors. We see in the business a rare combination of strong technology, deep vertical expertise, and long-standing entrenched customer relationships. We are thrilled to partner with the management team to build on that success and to support the business in driving continued growth and innovation.”
The new investment marks a successful exit for Bowmark Capital, which has supported Totalmobile’s transformation since its initial investment in October 2020.
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