Beringea leads £3.1m series-B for Big Data

The business stated it will use the fresh capital to invest in sales and marketing activity, in addition to research and product development.

Big Data will also relocate its headquarters to London's so-called Tech City area, in order to accommodate the company's growing team.

The GP's previous investments in the business were drawn from ProVen Growth and Income VCT and ProVen VCT.

Previous funding
Beringea led a £1.25m series-A for Big Data in June 2014. The company used the financing to accelerate the growth of its core team – specifically towards engineering, data science, sales and marketing – in order to meet increasing demand.

Six months later, the business secured a match-funded grant for a £1m diabetes care project from Innovate UK.

Company
Founded in 2012 by Mike Merritt-Holmes, Pinal Gandhi and Tim Seears, London-based Big Data provides services including data science, big-data engineering and certified training. It serves various industries including internet businesses, financial services, telecoms, utilities, defence and media.

People
Trevor Hope is chief investment officer at Beringea. Mike Merritt-Holmes is CEO of Big Data.

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Beringea Limited