BGF is one of the largest and most experienced growth capital investors operating across the UK and Ireland.
BGF provided the follow-on capital to support European expansion and further dealmaking.
"We have ambitious plans for growth and a strategy to add additional complementary acquisitions to our stable. We believe there’s still significant growth potential to expand into new markets, which we’re able to do with the funding and support provided by BGF."
The investment was led by Alex Snodgrass, Jack Teasdale, and Tim Rea from BGF.
"Invenio was set up on the core values of exceptional customer focus, deep industry and technology expertise, transparency and employee care. Our core values, a unique culture and a highly valued customer engagement model have helped us grow over the last thirteen years and maintain deep relationships with our clients. We are delighted to have BGF on board for the next stage of our journey and are looking forward to making the most of the team’s expertise in this space. BGF’s investment will help us continue to invest and grow to meet demand, whilst keeping control of our business and staying true to our values."
The funding round was led by Downing Ventures with participation from existing investors BGF and Beringea.
"At Firefly, our ambition is to supercharge the school experience, so every student can reach their potential. This investment will enable us to move more quickly towards empowering teachers, students and parents, adding to the hundreds of thousands using the tool every day."
Aberdeen-based SPEX Group has raised additional capital to accelerate its growth and product innovation.
"This investment will help SPEX Group to support innovative solutions to some of the biggest challenges facing the oil and gas industry. We’ve increased the offering to ensure that SPEX Group continues to support opportunities that deliver solutions that improve safety, integrity and production, while enhancing and protecting the clients’ reputation and optimising their assets."
BGF has provided £3m in funding to action sports brand Ruroc to support the launch of its new motorcycle helmet and international expansion.
"The past two years have been phenomenal, and we want to leverage this momentum to reach even more Ruroc riders globally. Our direct-to-consumer model has helped us focus on product design and quality manufacturing and buck the trend for the action sports industry which relies heavily on large distribution chains."
