Maven leads £3.5m round for Contego Fraud Solutions
Maven Capital Partners, NVM Private Equity and existing investors have backed compliance and anti-money-laundering software developer Contego Fraud Solutions with ТЃ3.5m.
The funding package will be used by Contego to further develop its product, add commercial resources and expand into new markets.
In February 2012, Cass Entrepreneurship backed Contego with £350,000. In October 2013, the company was supported by London Business Angels, Angel Co-Fund and Midven with a £900,000 funding round.
Company
Contego is a software developer that operates a web-based platform designed to monitor and analyse a company's risk, compliance and anti-fraud strategies. The company was founded in 2011 and is headquartered in Abingdon.
People
Maven Capital Partners – Melanie Goward (investment director).
Contego Fraud Solutions – Adrian Black (CEO).
NVM Private Equity – Charles Winward (investment director).
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