Business Growth Fund (BGF) has led a £2m funding round for UK-based data analytics business MyLife Digital.
According to a statement, the company aims to use the fresh capital to bolster the roll-out of its new platform and accelerate its growth strategy. The new platform will manage data for industries operating in the not-for-profit, healthcare and government sector, and allow consensual sharing of personal and professional data.
As part of the deal, BGF investor James Austin joined the company's management board.
Founded in 2015 and headquartered in Hartham, MyLife operates in the personal information management service sector.
The business employs a staff of 70 and forecast a turnover of £5m for 2016.
Currently, the company manages two platforms: Wood for Trees and PGIR. The former manages data about donors and supporters for UK charities, including British Red Cross, while the latter analyses performance for international teams operating in the sports sector, including the Rugby Football Union.
Business Growth Fund – James Austin (investor).
MyLife Digital – Bruce Finnamore (chair); John Hall (CEO).
Georg Parlasca will remain in charge of operations and strategy as managing director
Apollo increases its stake after initially buying 48.67% of Gamenet from Trilantic in October 2019
Apax Partners acquired a stake in Idealista from Bonsai Venture Capital et al. in July 2015
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m