Xergy offers Proteus, a feature-rich software platform that provides a work solution for project management. The platform is used by multiple organisations to support digital transformation and improve project delivery, including significant energy-sector clients in the UK and engineering companies worldwide. Proteus allows users to create project plans, convert them into working projects, manage people, resources, and time, and track and monitor all financials. It integrates with third-party software tools and databases to provide a single source of information and reduce reliance on disconnected, error-prone spreadsheets. Xergy employs 34 people and maintains offices in Aberdeen, Broughty Ferry, Dubai, and Perth, Australia. The company intends to use new funding to expand operations and broaden its business reach. Xergy offers Proteus, a SaaS platform launched in 2020 that centralises proposals, project management, finance and a marketplace to source qualified freelancers for energy-industry projects. The platform was designed by energy-sector professionals including Colin Manson and James McCallum and has seen increased demand driven by the rise of the gig economy and remote/hybrid work. Xergy says Proteus supports talent acquisition, project delivery and project financing workflows for energy clients. The company is focused on developing products aligned with the energy transition and digital transformation. Financially, Xergy has to date raised approximately £10.5 million and recently completed a Series A extension (Series A+) that increased its pre-money valuation to £15 million.

Total raised

$10M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2024