The funding from the Development Bank of Wales will be used to purchase materials for a growing order book.
"Changing legislation and an increased focus on fire safety means that there is increasing demand for certification on fire doors. The bulk of our work is in the social housing sector but we also fit doors for building contractors, developers and landlords. The first loan from the Development Bank enabled us to emerge from the pandemic with renewed optimism for the future of the business so we invested in additional tooling and fleet vehicles plus a new unit at the Westbourne Centre in Rhyl. This latest loan will be used to fund the purchase of the materials that we need to fulfil our growing order book."
The funding will support cybersecurity growth and the development of a training academy.
"Our mission is to drive meaningful change by enabling teams to collaborate and innovate through technology. Having partnered with Microsoft for over two decades, we have a deep understanding of how workplace technology can transform organisations, but we recognise that true digital transformation is as much about people and culture as it is about technology."
Haun Ventures led the Series B round as BVNK establishes a presence in San Francisco and New York City.
"Today’s consumers want payments that happen as fast as the internet, across borders, and without compromising security. Stablecoins offer that solution and are helping update the financial system. Coinbase Ventures is excited to invest in BVNK as they seek to drive greater global adoption of stablecoin payments."
— Shan Aggarwal, Vice President of Corporate and Business Development, Ventures
The funding comes from private investors to support NHS expansion and workflow integrations.
"We have the opportunity to become the go-to application for clinicians to access the information they need, where and when they need it, reducing the administrative burden and unlocking a happier and more productive workforce."
