EkkoSense secures seven-figure debt investment from Maven to fuel international expansion.
The Nottingham software provider has raised new funding from the Midlands Engine Investment Fund.
EkkoSense provides advanced software and sensing technologies to help data centre operators monitor and optimise real-time performance. The Nottingham based company uses analytics to reduce thermal risk and cut energy consumption.
EkkoSense has secured a seven-figure debt investment from the Midlands Engine Investment Fund, managed by Maven Capital Partners. The funding will support the company as it embarks on an international expansion push across North America, Europe, Asia Pacific, Latin America and Africa.
To facilitate this growth phase, EkkoSense plans to expand its headcount across its sales, development and operational departments. The business previously received backing from the Midlands Engine Investment Fund equity vehicle managed by Foresight Group.
From the founder
"We’re excited to be pushing forward with our next key growth phase and this additional MEIF funding will support our plans in a number of specific areas. In 2021, we will be strengthening support for our growing global partner network, expanding sales teams in key international markets and continuing to invest heavily in our core software proposition."
Dean Boyle
CEO at EkkoSense
Investor perspective
"We’re delighted to have provided MEIF funding to EkkoSense, which reflects our faith in its management team, impressive technology and ambitious business plan. Supporting the ever-increasing focus on driving carbon reductions across the world, EkkoSense has built an impressive client base that recognises the value that its technology can bring. The team have a strong track record in the sector, with supportive investors, and we are pleased to play our part in the next phase of growth."
Jonathan Lowe
Investment Director, Maven Capital Partners
Use of funds
- 01Grow the team
- 02Expand into international markets
- 03Invest in sales and marketing
