Maven Capital Partners led the investment round with participation from Maven Investor Partners and CYBG.
"As technology advances and customer requirements evolve, IT innovation is becoming more imperative to the success of an organisation and its future growth. LIMA Group is enabling its clients to gain a competitive advantage by designing and implementing IT solutions which match their organisational structure and business objectives. The market drivers for this type of specialist and highly technical service are overwhelmingly positive and Maven are excited to support the Group’s Senior Management Team on the next phase of their growth journey."
The funding facility will support the managed service provider in executing its buy and build strategy.
"We all welcome David to the board, his experience around executing buy and build strategies will be a great help as we deliver our strategy. We are looking at several potential acquisition opportunities already which will enable us to provide an even broader portfolio of products and solutions to our clients and an increased level of opportunity for our staff. This committed facility will support our strategy and enable us to move faster when assessing strategic acquisition opportunities. I look forward to hopefully announcing our first deal in the not too distant future"
Amadeus Capital Partners led the seed round with participation from Global Brain Corporation, Techstars and existing investors.
"Machine learning is revolutionising every industry. It has become much easier to build predictive models but deploying and managing these models in production is the limiting factor."
Midven's Exceed Fund backs Leamington Spa-based software provider Webmoco in a multi-tranche deal.
"Though we have made substantial progress in developing the software product, we are now keen to move at a pace which suits our ambitions, and this funding is necessary to help us do that. The software platform has many benefits improving efficiency and transparency, and can be used across all devices and is intended to replace paper-based systems."
BGF provides £7m in growth capital for a minority stake in the network support provider.
"The mobile telecoms market is currently experiencing a period of unprecedented activity driven by a combination of the introduction of 4g services and the consolidation of the operators’ radio networks as they strive to improve customer experience through both coverage and quality of service whilst controlling and minimising their future operating expenditure."
