Software platform Hicomply has raised £3 million from growth capital investor BGF.
The technology business enables SMEs to protect business data and effectively manage information security compliance.
Hicomply gives companies the tools to build their information security management system, which secures data and reduces risk in the supply chain and the threat of data breaches and associated fines.
The funding will allow the business to accelerate growth through investment in sales and marketing, as well as continuing to develop its technology.
“The rapid acceleration of digital transformation in a remote working world and the consequent increased cyber risk has seen data security rising to the top of the agenda for many businesses,” said CEO Ed Bartlett.
“We’re ideally placed to support SMEs to improve governance and protect their people, operations, and intellectual property assets.
“We were looking for an investor with a strong track record in our sector but one who also understood our business and could support a clear roadmap to achieve our long-term ambitions.
“With BGF’s backing, we can accelerate our own expansion and…
