Datactics secures £2m from Par Equity and Kernel Capital to accelerate business growth
The round was led by Par Equity and Kernel Capital to support expansion in key international markets.
Datactics provides user-friendly data quality and matching software that enables business users to self-serve for high-quality data. The company employs explainable machine learning to deliver predicted data matching and automated rule generation.
Belfast-based software company Datactics has secured £2m in a Series A follow-on funding round. The investment was led by Par Equity and Kernel Capital, with additional participation from Clarendon Fund Managers and existing backers.
The capital will be directed towards business acceleration, including new hires for business development in London and New York, alongside dedicated staff for partnership development. The firm has seen strong growth over the past twelve months, bolstered by record revenues and new client wins across Amsterdam, New York, and London.
Stuart Harvey serves as the chief executive of the company, which continues to target strategic partnerships within the RegTech and GovTech sectors.
From the founder
"It’s clear that in 2021 businesses are stating that data quality has never been more important"
Stuart Harvey
CEO at Datactics
Use of funds
- 01Grow the team
- 02Accelerate go-to-market
Investors
Categories
About the company
Datactics
Datactics provides user-friendly data quality and matching software for business users.