Datum360 secures Series A investment from BGF to accelerate global growth
BGF led a multi million pound minority investment to support the software firm's international expansion.
Datum360 provides an engineering information management software platform that connects disparate systems for blue chip clients across energy, mining, utilities, and infrastructure. The company operates globally with offices in the UK and Australia.
Teesside-headquartered software provider Datum360 has secured a multi million pound Series A investment from BGF to accelerate its international expansion. The funding will support the business as it targets a US office opening in 2021 and addresses growing demand for its cloud-based connected data platform among energy and infrastructure clients.
Founded by industry veterans Steve Wilson, Dave Mitchell, and James Michael, Datum360 delivers digital twin and data management solutions to major enterprises including BP, Total, and BHP. BGF completed the minority shareholding transaction following initial discussions in September, drawing on its local presence in Newcastle to execute the deal quickly.
From the founder
"Datum360 has built a reputation for delivering, at speed and globally, our cloud based Connected Data platform for Engineering Information. Working with energy, mining, utilities and infrastructure clients, we are excited to see the demand for data become more distinct and more urgent. Our capability delivers the critical data foundation and backbone which underpins our clients evolving approach to BIM and building and maintaining their Digital Twins."
Steve Wilson
CEO at Datum360
Investor perspective
"Datum360 is a fine example of a North East business with a market-leading product which has significant global potential. With the growth plan and opportunity for the business clear, we were able to deploy capital very quickly. We already have a number of successful investments in the North East and are looking to back more businesses in the region."
Chris Boyes
Investor, BGF
Use of funds
- 01Expand into international markets