Hicomply secures £3m from BGF to advance technology development and sales efforts.
BGF has led a £3m follow-on investment in the compliance software provider.
Hicomply provides a software platform that helps small and medium enterprises automate information security compliance and build management systems. The company enables businesses to secure data, manage risk, and prepare for audits efficiently.
Software platform Hicomply has raised £3m in a seed follow-on investment led by BGF. The funding will be deployed to accelerate growth through sales and marketing investments, alongside ongoing product development.
Chief executive Ed Bartlett noted that remote working models and rising cyber risks have pushed data security to the forefront for commercial organisations. BGF investor Chris Boyes cited the region's strong talent pool and growing technology sector as key factors supporting the transaction.
From the founder
"The rapid acceleration of digital transformation in a remote working world and the consequent increased cyber risk has seen data security rising to the top of the agenda for many businesses. We’re ideally placed to support SMEs to improve governance and protect their people, operations, and intellectual property assets."
Ed Bartlett
CEO at Hicomply
Investor perspective
"The North East benefits from a rapidly growing tech sector with access to excellent talent because of the universities and global organisations based there."
Chris Boyes
Investor, BGF
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
