Data Capture Solutions raises £400k from an angel syndicate to scale operations.
An angel syndicate backed the data capture software provider with a £400k investment.
Data Capture Solutions has created cloud-based software for gathering and analysing customer data at exhibitions and trade fairs. The platform offers real-time reporting and integration with customer relationship management tools.
Data Capture Solutions has secured £400k in equity finance from an angel syndicate to accelerate its market expansion. The company initially sought £250k, but the investors proposed a larger sum in exchange for a 43 percent equity stake to better support the firm's growth plans.
The software provider, which previously focused on car manufacturers, intends to use the capital to scale its operations beyond existing niche markets. Advisers from B&Y managed the fundraising process, which concluded following negotiations initiated in January.
Use of funds
- 01Expand into international markets
- 02Scale operations
Investors
Categories
About the company
Data Capture Solutions
Data Capture Solutions builds event data collection and analytics software.