
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 £3.5m.
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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