YFM Equity Partners and Maven Capital Partners back the management buyout with a £12m funding package.
"The telecoms infrastructure market is experiencing sustained growth and our business is ideally positioned to grasp the opportunity for expansion as increasing client demand continues to reflect the need for access to reliable, high capacity networks. With the backing of Maven and YFM, allied to our existing client support infrastructure, we look forward to capitalising on the opportunity to gain additional market share, and pursuing a strategic acquisition programme."
The funding round was led by BGF Ventures to support sales expansion and product development.
"When I worked in the NHS I saw how much money was wasted on hiring locums from expensive recruitment agencies. Network Locums’s software can help hospitals and GP practices dramatically cut their spending on recruitment, as well as making sure that the best and most caring doctors are the first to be offered shifts."
YFM Equity Partners backs Hertfordshire-based communications platform Sipsynergy with a £2.8m investment.
"The shift to the cloud is accelerating, providing smaller businesses with an opportunity to access technologies and services previously only available to large corporates. Sipsynergy has created a great cloud-hosted solution for SMEs and evolved a partnership with Cisco which provides a clear route to market."
The fashion tech startup has raised £4m from Beringea and Balderton Capital to expand its team and user base.
"It’s been a really exciting journey discovering how to fuse human stylists with powerful algorithms to help guys dress well without having to go shopping."
The funding was provided by the Welsh Government, UK Steel Enterprise and Finance Wales.
"One-way-keg technology is increasingly popular and a wealth of potential new export opportunities is opening up. EcoKeg has a strong market position and with the funding we’ve received from the Welsh Government, UK Steel Enterprise and Finance Wales we can implement our growth plan."