Albion Ventures backs Relayware
Albion Ventures has invested £3.5m in Relayware, a UK-based provider of B2B collaboration and multi-channel communication solutions.
The fresh capital will be used to accelerate the company's growth and further its technological innovation.
Albion Ventures, formerly Close Ventures, has £230m under management. Albion Ventures aims to invest £1-10m in growing businesses, from technology companies to asset-based businesses. Albion's portfolio includes MyMeds&Me, Proveca and Dragon Hydro.
Company
Relayware is a global provider of business-to-business collaboration and multi-channel communication solutions, working with businesses in the hi-tech, manufacturing, telecommunications, financial services and insurance sectors.
The company offers collaborative sales, marketing, learning and support apps as well as multi-channel communication tools. Its clients include Sony, Allstate and Lexmark.
People
Emil Gigov is a partner at Albion. Mike Morgan is CEO of Relayware, while Bob Mann is the executive chairman.
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