Bombiix

Growth Fund - Loans & Equity Case Study

East Yorkshire based Bombiix specialises in Product Lifecycle Management (PLM) solutions, delivering a one-stop shop for brands and SMEs, helping them to develop and improve their product readiness for market while saving time and money.

The company

Entrepreneur Lucy Blackley launched Bombiix almost 10 years ago after a career in product development and the fashion industry.

Lucy, who has previously worked for fashion giant Zalando, said: “Our solution takes brands and SMEs from concept and product development through to production and beyond.

“It groups everything in one place and creates a single source of truth for the users’ product workflows and data, demonstrating transparency and sustainability.”

The challenge

Bombiix’s customers specialise in the supply of consumer goods, operating in the UK, North America, Europe and China. The potential for growth is being driven by new sustainability regulations which will require all products being sold in the EU to have Digital Product Passports.

Finance Yorkshire involvement

A £530,000 investment from Finance Yorkshire’s growth fund is supporting the business to market its PLM solution to new customers and recruit additional staff to its five-strong team at its base at the ergo business centre in Hessle.

The investment rationale

Finance Yorkshire CEO Alex McWhirter said: “Lucy’s knowledge and experience of PLMs has enabled her to build a solution which is fully focussed on the product. We are pleased to support her and the team at Bombiix to reach a wider client base in its established sectors as well as venturing into new markets.”

Future expectations

Bombiix already counts Smiffys, Rubies, Radley and Joanie Clothing amongst its clients. In September 2024 Neil Weaver, previously Global Supply Chain & IT Director at Cath Kidston, was appointed as CEO to Bombiix to help scale the business through an exciting and important period of growth.

There is also potential to grow the business in other sectors including food and drink. “My ambition is to become an adaptable PLM that can work for businesses across multiple product categories,” added Lucy.