LDC has acquired a stake in the Scottish IT services provider, facilitating an exit for BGF.
"Our business has achieved exceptional growth over the last few years. We've continued to invest in our technology and people, and brought a number of exciting, innovative companies into the group to expand the range of services and levels of expertise that we provide to our customers. The team at LDC have a great deal of hands-on experience in helping businesses like ours to grow through acquisition, making them the perfect partner as we expand our presence in Scotland and across the UK."
The funding round was backed by ACF Investors to support product development and digital identification efforts.
"The investment from ACF Investors is a coming together of similar interests and visions. As the world increasingly becomes digital-first, we aim to minimise fraud, enhance online experiences, and make the world a safer place. ACF is our second institutional investment, and it is a vote of confidence in our efforts to make digital identification accessible and available to more UK citizens."
The seed round was supported by High-Tech Gründerfonds, Big Sur Ventures and Fuel Ventures to scale the platform's resource pool.
"We are thrilled to embark on the next chapter of our journey, supported by our incredible investors, partners and IT Specialists. This funding will play a vital role in bridging the skills gaps that many businesses are facing, whilst also spearheading the future of work by creating job opportunities within our community"
The funding will support equipment for upcoming trials and team expansion.
"Our hardware-based solution has none of the disadvantages of current systems and makes the addition of security a ‘no brainer’. The funding will help us to take the final step and bring it to market."
Claret Capital Partners backed the digital innovation services provider to accelerate its global expansion.
"Claret Capital Partners is one of the most respected financial firms in Europe and the company’s track record in helping fuel the growth and success of industry leaders is unmatched,"
