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).
Founders of the online Alpine tourism platform will continue to hold a stake in the business
Company intends to use the fresh capital to further boost its expansion across Europe and scale up its team
Sale process was initiated by Courtepaille's PE sponsor Intermediate Capital Group, which filed for a receivership procedure in July
Switzerland-headquartered Hermes Capital Group acquired Mattenbach in November 2019