UK - Octopus leads £4.5m KeTech investment
Octopus Investments, through the Octopus Capital for Enterprise Fund, has invested £2m into systems integrator company KeTech Group as part of a £4.5m funding round for the business. Centric Commercial Finance provided £2.5m of invoice discounting facilities.
Bedford-based KeTech provides mission critical communication software and services to the rail industry, including platform to train and on-train safety systems. It also produces specialist detection systems for use in defence and emergency service markets, together with a range of building management systems. Clients include Skanska Grant Rail, Mitie, Chiltern Railways and Metronet. The company has a turnover of £16m.
The new funding will be used to expand its new business development pipeline and service new contract wins. This investment represents the first injection of capital from the £30m Octopus Capital for Enterprise Fund.
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