BGF has led a £3m follow-on investment in the compliance software provider.
"The rapid acceleration of digital transformation in a remote working world and the consequent increased cyber risk has seen data security rising to the top of the agenda for many businesses. We’re ideally placed to support SMEs to improve governance and protect their people, operations, and intellectual property assets."
The London-based investment platform GroVentive backed the round to support the firm's expansion plans.
"Our vision is to enable vehicle hire operators and help the end customer cut through queues and paperwork to avail a seamless rental experience that is suited for the 21st century."
The investment round was led by Alliance Fund Managers with participation from the Development Bank of Wales.
"We’ve worked hard over the last few years to develop Tahdah as a secure online feature-packed management system that can be tailored to meet the bespoke needs of our customer base."
Goldman Sachs Asset Management led the Series C round to support international expansion and platform development.
"Financial institutions are increasingly turning to modern, cloud-based technologies in order to handle growing payment volumes efficiently and in real-time. We are delighted to be leading this investment round and look forward to working together with Form3 and other shareholders to help realise their ambitious global roadmap and strategic growth plan."