£8.5M
The Series B round was led by Business Growth Fund with participation from Forward Partners, Oxford Capital, and 24 Haymarket.
"We believe that fit matters most"
BG
Business Growth Fund
Venture CapitalBusiness Growth Fund is established to help growing small and medium-sized businesses in the UK.
Portfolio
6
companies
AUM
£2.5B
under management
By category
- Enterprise Software£20.0M
- MarTech£11.5M
- eCommerce£8.5M
- IndustrialTech£4.0M
- HealthTech£3.0M
- Other£2.8M
By location
- United Kingdom£20.0M
- 41 Bridle Way£11.5M
- London£8.5M
- Essex£4.0M
- Coventry£3.0M
- Other£2.8M
Portfolio companies
AA
Arran Aromatics
Arran Aromatics produces luxury toiletries and lifestyle gifts.
MP
Molecular Products Group
Molecular Products Group manufactures specialised air purification and chemical technology systems.
SPOKE
SPOKE provides custom made menswear through a proprietary sizing platform.
S
SaleCycle
Behavioural marketing platform for global retail brands.
S
Shuropody
Shuropody operates a specialist chain of podiatry clinics and footwear stores across the UK.
S
SkyDox
SkyDox develops cloud-enabled document collaboration software for enterprise users.
Team
ID
Ian Downing
Investment Director
DM
Duncan Macrae
Investment Director
TR
Tim Rea
CH
Chris Hodges
Investment Director
Recent investments
£11.5M
The North East behavioural marketing firm will use the capital to open offices in Japan and New York.
£4.0M
The chemical technology company secured backing from Business Growth Fund to expand its presence in Japan and India.
"We’re delighted to have assisted this Essex-based business with its growth plans. Securing this investment from a top-tier fund like BGF is a testament to the high quality of its technology and management team. We look forward to the next step in the company’s exciting future"
£2.8M
Business Growth Fund has provided growth capital to back the Scottish toiletries manufacturer.
"Everyone working at Arran Aromatics is deeply passionate about the brand and incredibly proud of its global recognition. After the hard work by all of our employees over the past four years, there is a new confidence in the business. BGF’s growth capital investment will go towards brand development, upgrading our IT infrastructure, investing in our retail estate and allow for a significant investment in our e-commerce capabilities to drive our online business."
£20.0M
The investment was led by Scottish Equity Partners to finance the creation of a combined document collaboration business.
"By joining forces with Workshare, we are uniquely positioned to help knowledge-based employees improve productivity, without sacrificing enterprise information security requirements. The investment will enable us to deliver on our plans for developing the most comprehensive, effective and secure collaboration platform on the market that integrates into existing productivity, document management and enterprise content management applications."
