Funding Expansion for a Leading Digital Innovation Services Provider

Company Overview

Devtech is a UK-headquartered digital innovation services company helping Fortune 1000 and emerging businesses transform and scale with next-generation cloud and SaaS solutions. With a growing team of 240+ and a blue-chip client base, Devtech delivers R&D as a Service, cloud migration, and ecosystem enablement across Europe and the US.

Challenge

Despite strong growth and client wins, Devtech faced limited cash runway, a recent negative EBITDA year, and short-term revenue pressure from client churn. The company sought €5 million in non-dilutive capital to refinance existing debt, scale sales and marketing, expand delivery centers, and strengthen working capital—without diluting equity.

Results

Fuse Capital led a structured funding process, securing €5 million in flexible, non-dilutive capital. This enabled Devtech to refinance debt and accelerate expansion across Europe and the US, providing runway to scale delivery capacity and reinforce its position as a trusted digital transformation partner.

SaaS
€5 million
Refinancing existing debt, working capital
UK
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"Every second I spent working with Web Canopy was time well spent! The team there is great at what they do!"

John Smith
Director of Marketing at Company
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