Beringea leads £6.5m funding round for Exonar

Downing Ventures also took part in the round alongside existing backers Amadeus Capital Partners and Winton Ventures.

The fresh capital will enable the company to invest in product development.

According to a statement, the business was attractive to the investors due to the growing global demand for data governance software. Exonar's products facilitate compliance with the EU's General Data Protection Regulation and the California Consumer Privacy Act.

Previous funding
Investment management and data science company Winton led a £1.25m funding round for Exonar in 2017. The firm invested £750,000 in the round, with Amadeus and existing angel investors also taking part.

Company
Founded in 2007 and headquartered in Newbury, Berkshire, Exonar develops software that plugs into companies' existing systems, analyses sensitive and personal data and creates an inventory of it.

People
Beringea – Stuart Veale (managing partner).
Downing Ventures – James Lewis (investment director).
Exonar – Adrian Barrett (founder, CEO).

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