International Growth, Exit Success & A Modern-Day Forrest Gump
We're excited to kick off this month's newsletter by announcing our successful exit of award-winning software developer and digital services specialist Amdaris.?
Headquartered in Bristol, Amdaris?has?become one of the UK's fastest-growing tech companies, successfully scaling its operations and opening new offices in Bulgaria and Ukraine during our three-year partnership.
This?investment period has seen Amdaris deliver exceptional organic growth, with the business now being acquired by Fortune 500 solutions integrator Insight Enterprises. We wish the team all the best in this?next stage of their exciting growth journey!
Read on for more of the latest?insights from BGF and across our portfolio.
August also saw us exit our investment in?market-leading?pipeline technology company STATS, which was?acquired by global trading and investment firm Mitsui & Co.
The Kintore-based business marked BGF's first-ever deal in Scotland, back in 2012. It has since quadrupled in size, significantly expanding its international footprint in the process.
Never settle for enough
"I was a modern-day Forrest Gump...There was a mentality ingrained in me that, despite being physically held back, I wanted to go beyond what others thought me capable of."
Harnessing tech?for people and planet
Multinational telco Colt Technology Services became the latest major brand?to adopt?innovative web accessibility tools from BGF-backed?Recite Me this month. The Gateshead-based software business?received investment?from our North East team?earlier in the year.
Also in August,?Orbex discussed the beginnings of a 'green revolution' within the space launch?industry, including?the development of the world's?first carbon-neutral spaceport in Scotland. Meanwhile,?Makers launched its new programme, AI Labs, to help brace business leaders for rapid advancements in artificial intelligence.
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Bramble?also opened its new fuel cell innovation hub, while?Gavin Jackson, CEO of?autonomous vehicle software spinout?Oxa, spoke to the Guardian about?the future of self-driving?cars.
International expansion: Insights from Elvie & OSL
Are you considering overseas growth opportunities for your business? Read our latest?case studies, exploring the benefits and challenges you might face.
UK Technology Fast 50
We are very excited to be sponsoring this year's Deloitte?Technology Fast 50, spotlighting the fastest-growing tech companies in the UK. Applications for the awards are now open, with rankings based on revenue growth over the last four years.
The Fast 50 Women in Leadership?award?will also be returning this year, alongside?a new CleanTech category, recognising innovative climate technology companies for their contribution to the UK’s net zero target.?
Nominate your business by 1 September 2023 for the chance to?join the likes of Deliveroo, Revolut, and Skyscanner as a Fast 50 winner.
Looking for long-term, flexible funding?
We've already provided minority investment?to over 500 UK & Irish businesses. Yours could be next.?