The funding round was led by NPIF - Mercia Equity Finance to support the growth of the Netacea cyber security division.
"Following previous funding rounds from Mercia, Intechnica is now well-positioned for growth. This latest round will support further development of its consultancy work and the launch of its new DSaaS line of business, offering market-leading expertise in this emerging field."
Growth Capital Partners takes a minority stake in the software consultancy to support further scale and reach.
"After five years of funding growth ourselves, we are delighted to be bringing Growth Capital Partners on board as a minority shareholder. GCP specialises in supporting high-growth UK businesses, has proven expertise in the technology sector and considerable know-how and networks in our current and future growth markets. There is a very good cultural fit between our teams and we are looking forward to working together during the next phase of growth."
LDC takes a minority stake in managed IT services provider Littlefish to support its expansion strategy and future acquisitions.
"We have a fantastic team at Littlefish and with their hard work and dedication we’ve been able to grow the business into a truly formidable player. We know what our customers want and how to deliver it successfully. To embark on the next stage of our strategy we need to bring a partner on board that will give us the firepower to build on this momentum and scale, as we continue to successfully compete against our much larger rivals."
The York-based e-commerce personalisation software platform has raised £750k in its second investment from NPIF, Mercia Equity Finance within the past year.
"We are extremely excited to receive the next round of funding. Our advanced ecommerce personalisation solution is developing at a fast rate and our clients are experiencing fantastic results with increase in online revenue of 26%. This investment reflects not only the confidence in our company growth but also the unique service we are providing within the Artificial Intelligence field. Our plans to advance our AI platform and extend our marketing reach globally will help facilitate and expedite this success."
The funding will support a consortium project developing open source software for the UK healthcare sector.
"We’re thrilled to have been given the opportunity by Innovate UK to prove that professional open source is the only viable solution to the NHS’s complex software needs. Innovate UK understood that we have ambitious aims to transform the NHS’s approach to digital technology, helping to create software that is the perfect clinical fit for today and adaptable for tomorrow saving lives and money simultaneously."