Devtech secures £10.5m from Claret Capital Partners to scale international operations.
Claret Capital Partners backed the digital innovation services provider to accelerate its global expansion.
Devtech is a global digital innovation services company delivering outcome-driven technology solutions. Its multidisciplinary team supports major enterprises and service providers across North America and Europe.
Devtech has secured £10.5m in seed financing from Claret Capital Partners. The company intends to direct the capital toward accelerating its international expansion and broadening its digital innovation offerings for large enterprise clients.
The investment follows a period of notable commercial momentum for the firm, including the acquisition of design agency Saturized. Devtech reported organic annual recurring revenue growth exceeding 60% over the preceding year alongside a 50% increase in new customer acquisition.
From the founder
"Claret Capital Partners is one of the most respected financial firms in Europe and the company’s track record in helping fuel the growth and success of industry leaders is unmatched,"
Milovan Milic
Founder and CEO at Devtech
Investor perspective
"Claret is delighted to support Milovan and the whole Devtech team with the continued expansion of its digital innovation capabilities across key markets,"
Antony Baker
Principal, Claret Capital Partners
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
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About the company
Devtech
Devtech provides outcome-driven digital innovation services to help enterprises respond to market change.