The investment, advised by Izy Capital, will support the ServiceNow partner in scaling toward its long-term revenue targets.
"We are beyond grateful to Lloyds Bank and the Izy Capital team for their help in achieving this massive opportunity. I look forward to working with my co-founder Arron and our growing team toward our vision of building Wales’ first global technology consultancy with £1bn in annual revenue. This injection of capital will help us accelerate even faster into the next level, as well as being a huge vote of confidence in our vision to continue supporting the local economy with hundreds of jobs in the near future."
Growth Capital Partners has taken a minority shareholding in the risk management software provider.
"This investment is a key milestone in the CubeLogic journey. Our technology is second to none, but I believe that our success is based on a great business culture and an unrelenting commitment to innovation and customer satisfaction. We had a laser-sharp focus on finding a partner who bought into our vision and the way we operate. I have huge aspirations for the firm, and I am confident that GCP are the perfect fit to support us on our mission."
LDC acquired a minority stake in the software reseller as previous backer BGF exited the business.
"We are experiencing growing demand for our services from a large, expanding customer base, many of whom have been with us for over 20 years. With the support of BGF over the last three years, we have been able to significantly grow our existing activities and acquire complementary businesses that are now core to the Solid Solutions family."
Hyundai and Kia led the investment round to support the joint development of commercial electric vehicles.
"Arrival has created a game changing product category – Generation 2 Electric Vehicles. Hyundai and KIA make world-class vehicles with uncompromising quality. This strategic partnership will empower our companies to scale Generation 2 Electric Vehicles globally"
