BGF is a prominent growth capital investor operating across the United Kingdom and Ireland, providing patient funding to small and mid-sized enterprises.
The Birmingham-based compliance provider has raised capital to support product innovation and future acquisitions.
"This investment is a momentous milestone for the business. Since we founded in 2022, we’ve been high growth and laser-focused on building the best compliance consultancy in the UK, assembling a team dedicated to excellent personal service. We’re delighted to be working alongside BGF, developing a partnership that will allow us to access the funding, experience and expertise we need to take advantage of the opportunities that lie ahead."
The funding round was supported by BGF, Parkwalk Advisors, DBW, and BBI to drive clinical and product development.
"This investment is a strong endorsement of our team, technology, and vision. The early clinical data from our temporary device has given us real momentum, and with this funding, we’re excited to advance our permanent pacing platform, an innovation that could redefine how heart failure is treated."
The Nottingham-based scheduling infrastructure provider has raised £15m from growth capital investor BGF.
"Cronofy is a stand-out tech success story that has achieved global recognition in its vertical for having the most reliable embedded scheduling infrastructure. Its ROI for a range of different customer types and size, including enterprise, is compelling. It has a customer centric, product first growth strategy that has already generated 60% of its sales from the more mature US market. We look forward to partnering with this impressive management team who have a proven track record in solving problems for customers and scaling tech businesses."
BGF led the Series A round with participation from existing backers including Octopus Ventures, Northern Gritstone, and Foresight.
"This funding comes at a pivotal moment as demand for high-speed optical communication systems is growing enormously. By developing world-class, high-performance infrared sensors, we are enabling industries to push the boundaries of connectivity, efficiency, and security by removing a technology bottleneck that has persisted for over 20 years."
