Five Arrows and DBAG back £58m revenue Totalmobile to scale globally
This article covers Totalmobile, a corporate provider of field service management software, receiving a new investment led by Five Arrows with participation from funds managed by Deutsche Beteiligungs AG (DBAG). The investment will be used to fund product development and further international expansion as the company scales across public and private sector customers, including health and social care, local government, facilities management and emergency services.
Totalmobile, a UK-based provider of field service management software, has taken a new investment from Five Arrows, the alternative assets arm of Rothschild & Co, alongside funds managed by Deutsche Beteiligungs AG (DBAG). The deal, which is subject to regulatory approval, will be used to fund product investment and further international expansion as the business scales across public and private sector customers.
Why it matters
Totalmobile operates in a pragmatic but growing corner of enterprise software: digitising and rostering frontline workforces such as health and social care staff, local government teams, facilities management and emergency services. The company reports revenues of £58m in FY24 and says growth continued through FY25, serving more than 900 customers and over 500,000 field workers.
That scale, combined with rising demand for labour scheduling and compliance tools in regulated public services, makes the company an attractive target for mid-market private capital seeking software businesses with recurring revenue and public-sector exposure.
Inside the product
Totalmobile’s Field First platform is positioned for global field service teams. The business has expanded into the Nordics and Australasia and has made at least one strategic acquisition, buying Gartan Technologies to bolster its rostering capability in the Fire and Rescue sector. Gartan is known for incident rostering and workforce planning in emergency services, a market where precise scheduling is operationally critical.
Customers span health and social care, government, property and facilities management, commercial services and infrastructure. Those sectors typically require integration with legacy systems, strong compliance and offline mobile capabilities for distributed teams, which explains the slow but steady adoption curve.
Who’s backing the round
The transaction is led by Five Arrows with participation from funds managed by DBAG. No headline valuation or deal size was disclosed. The round also marks an exit for Bowmark Capital, which invested in Totalmobile in October 2020 and supported its product and international expansion over the past five years.
In the announcement, Sacha Oshry, Partner at Five Arrows, said:
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.
In the announcement, Tom Keen, partner at Bowmark, said:
We invested in Totalmobile in 2020 due to its unique position in the field service management sector. Since then, we have supported the management team to enhance the company’s product offering, invest in leading-edge technology and deliver strong growth both organically and through acquisition. The exceptional quality of Totalmobile’s people, technology and service provision means it is ideally positioned to capitalise on the many opportunities ahead, in partnership with Five Arrows and DBAG.
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Founder perspective
Phil Race, Totalmobile’s chief executive, framed the investment as material to the company’s next phase of growth and product development.
In the announcement, Phil Race, Chief Executive Officer of Totalmobile, 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.
The bigger picture
The deal highlights several trends in the UK and European tech ecosystem: private equity appetite for software with public-sector exposure, cross-border interest from continental investors such as DBAG, and continued consolidation in specialist enterprise software. For UK scale-ups that serve regulated services, value is often driven by recurring contracts, integration capability and sector-specific features such as rostering for emergency services.
As the transaction awaits regulatory sign-off, the new ownership will be watched for how it prioritises product R&D, international roll-out and potential further bolt-on acquisitions. For the wider ecosystem, the deal is another example of how mid-market software companies are attracting private capital to move from national players to regional or global incumbents.
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