BGF is one of the largest and most experienced growth capital investors operating across the UK and Ireland.
The investment from BGF backs the digital consultancy's acquisition of Netsells and international expansion plans.
"The acquisition of Netsells is a major milestone for us as a company. The combination of two firms with established and renowned capabilities will enhance our offering and growth prospects massively by bringing together some of the best talent in the industry and facilitating our continued expansion into new international markets."
BGF provided a £3.8m follow on investment in a round joined by Science Creates Ventures and Foresight Group.
BGF led a £5.3m minority investment in technology group KCA Holdings to fund platform development and team expansion.
"I had known of BGF for some time as they are very successful and active in fast-paced technology sectors. When they approached us I was pleased that the BGF team took the time to really get to know our management team and our business; they understand how we have successfully grown organically and can see how we can further accelerate customer efficiencies and benefits with additional investment."
The investment from BGF will support the expansion of Recite Me and its assistive technology.
"We pioneered the assistive technology sector when we launched over a decade ago and have successfully grown the business to be a market leader, but our mission doesn’t stop here as we aim to help millions of people access online content around the world. To galvanise our growth, we were looking for investment partners who shared our values and ambitions and brought their experience of scaling businesses to the next level. BGF was the obvious choice, and we look forward to working with them to invest further in our technology, team and infrastructure so our tech can benefit even more people across the world."
The funding round was co-led by PropTech1 and JLL Spark to expand the hybrid workspace platform internationally.
"We’ve come a long way from launching our initial product from our living rooms in Edinburgh, to working at a global scale with some of the biggest companies in the world as they fundamentally rethink the way they utilise office space. We established Desana ahead of one of the biggest shifts in working culture for generations, and this unprecedented transition has driven a huge amount of growth for us. But, given the scale of the change in this industry, we believe that there’s still so much more to come."
