Waterspring Ventures, an award-winning early-stage venture capital firm based in Wales, has made its first investment into Operati Limited, which has built the first Software as a Service (SaaS) estimating solution of its kind for the SME market.

Waterspring Ventures is investing £280k of its first tranche into the business. It has partnered with The Development Bank of Wales for the deal, which is investing £150k from the Technology Seed Fund, whilst the founders of Operati Limited have also invested £50k.