Assetpool UK
Cloud-based physical asset inspection and compliance software.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
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AssetPool provides a cloud-based software solution for physical asset management, specializing in compliance and risk analysis to help businesses transition from paper-based systems to a digital environment. The company was conceptualized in July 2018 and founded by Michael Kirk, who initially sought a digital solution for his fire services business. After developing and testing a proof of concept, the platform was commercially launched in June 2019 as a SaaS B2B product.
The platform enables organizations to track, organize, and optimize equipment throughout its lifecycle. Clients can create a centralized digital asset register, replacing spreadsheets and gaining a single source for all equipment, tools, and infrastructure. Key features include geo-location services, asset registration and maintenance, field service management, risk management dashboards, and customizable pass-or-fail checklists. The system uses QR codes to identify assets, allowing technicians to scan items with a mobile device to access maintenance history and complete digital checklists, even when offline. This process provides real-time reporting, proof of technician presence, and ensures all assets are inspected. The software also offers IoT live monitoring capabilities, where sensors on assets can trigger alerts for physical intervention.
AssetPool serves a range of industries, including manufacturing, logistics, public works, construction, and fire services, catering to both asset owners and service providers. The business operates on a subscription-based model. Following a friends-and-family investment, the company expanded internationally in 2020, opening offices in the UK and Canada, in addition to its presence in South Africa. In 2022, AssetPool secured a significant partnership with Bosch Rexroth Africa, which acts as a white-label distributor for the platform.
Keywords: physical asset management, compliance software, digital inspection, field service management, risk analysis, QR code asset tracking, mobile workforce management, SaaS, equipment maintenance, digital checklists, IoT asset monitoring, maintenance scheduling, real-time reporting, asset lifecycle management, audit management, inventory tracking, cloud-hosted software, work order management, geo-location services, technician management