Clue Software secures £4m Series A follow on investment led by Frog Capital
The Bristol based investigation software provider raised the capital from Frog Capital, angels and employees to fund product development and expansion.
Clue Software provides investigation and intelligence management software for public and private sector organisations. The Bristol based company serves an international customer base tackling financial crime, corruption and integrity issues.
Bristol based investigation software provider Clue Software has raised £4m in a Series A follow on funding round led by Frog Capital. The transaction also included contributions from angel investors and employees, with support from investment advisor ScaleUp Group. The capital will be deployed to expand commercial and community capacity, alongside research and development efforts.
The raise follows a period of robust growth for the company, which expanded its annual recurring revenue by 60 percent over the course of 2023. Headcount increased from 45 to 70 employees during the same period, with projections to surpass 100 personnel. The platform is utilised by more than 5,000 users globally across law enforcement, government agencies, healthcare bodies and sports governing bodies.
From the founder
"This funding is the latest step in our journey of supporting investigations and intelligence teams across the globe. Our mission to protect society from harm goes beyond developing intelligence and investigation software. We are building a networked community of investigation professionals across sectors worldwide to explore common challenges and share best practices."
Clare Elford
CEO at Clue Software
Use of funds
- 01Continue product development
- 02Fund research and development
Investors
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About the company
Clue Software
Clue Software provides investigation and intelligence management software for public and private sector organisations.