The funding round was led by Moore Strategic Ventures with participation from existing shareholders.
"Working with the team at SME has been a great experience and the product does exactly what it says on the tin, it makes it easy. In an ever changing and more demanding media landscape we, as a media team, need to adapt quickly to new requirements and as a result, require tools and services that are flexible and easy to configure. The File Fabric has already proven its worth and with its simple API, it was easy to integrate into our facility."
Green Angel Syndicate led the investment round to accelerate international expansion and support team growth.
"This €2 million investment will allow us take our technology further into the European market and also enter the exciting North American market. We are planning to action our aggressive hiring plan over the coming months and grow our team significantly. This will initially focus on building our capacity to tackle major water management and sewer pollution issues through the hiring of software engineers, data scientists and drainage engineers, as well as expanding our marketing team to raise awareness of our products"
LDC has taken a minority stake in Aker Systems to support the expansion of its secure cloud data services.
"With our team of experts and proprietary technology, we have developed a market-leading approach to completely transform how organisations use and manage their data."
BGF provided the follow-on capital to support European expansion and further dealmaking.
"We have ambitious plans for growth and a strategy to add additional complementary acquisitions to our stable. We believe there’s still significant growth potential to expand into new markets, which we’re able to do with the funding and support provided by BGF."
