The follow on investment from BGF will support international expansion and strategic mergers and acquisitions.
"We’ve experienced a period of good growth with BGF’s support and created strong foundations to accelerate our global expansion. With renewed backing, we’ll look at US acquisitions where we can partner with agile, independent companies to drive innovation and grow more rapidly as a combined entity. We were attracted to BGF because of its flexible model and ability to provide follow-on funding so we can capitalise on growth opportunities. We’re energised by this investment and have a number of live opportunities ready to put the capital to work."
Octopus Ventures joined returning backer AXA IM Alts in backing the social housing technology provider.
"Switchee has been doubling year on year for the last three consecutive years. We are really proud of the Switchee journey, and the ethics and values we have built in the business are critical to us. We have had some great investor partnerships over the years and are thrilled to see AXA IM Alts further invest in us, and warmly welcome Octopus Ventures as a new investor. It is a sign of their trust in the team’s ability to execute our strategy; and we also see it as a stamp of approval in terms of the impact we are looking to achieve."
Zouk Capital increased its backing to accelerate the rollout of on-street chargers across the UK.
"Zouk’s increased commitment to char.gy comes at a pivotal time as the EV charging market experiences exponential growth. Collaborating with dedicated partners like char.gy allows local authorities to provide accessible, reliable charging infrastructure to their residents now and into the future. We are delighted to strengthen our support for char.gy’s mission. Well-capitalised providers like char.gy ensure that councils can depend on consistent, long-term investments, which are crucial for sustainable infrastructure development. Investors committed for the long haul are essential in meeting the growing demand for EV infrastructure and supporting the UK’s Net Zero 2050 goals."
The growth capital round was backed by YFM and existing investors to support worldwide expansion.
"Ohalo is operating in a burgeoning marketplace, which is subject to increasing demand. It’s estimated by Gartner that 20% of all organizations will use software to monitor and control their unstructured data by 2026. With YFM’s backing there is a significant opportunity for Ohalo to capitalize upon this, having already carved out an excellent reputation for service delivery and tech innovation. We look forward to seeing the company continue to thrive and expand."
