CAMBRIDGE, England, October 5, 2021 / PRNewswire / – techspert.io, the AI technology innovator that connects businesses with experts for domain-specific industry information, today announces the closing of a $ 12 million investment round led by BGF, UK and ireland the most active growth capital investor and existing investors Nauta Capital, a pan-European venture capital firm.
The volume of data, information and disinformation online is growing exponentially, as is the speed at which markets and products change. So it’s increasingly difficult and important for businesses to get rid of all the noise and get the quick information they need to make smart decisions.
Situated at Cambridge, UK, techspert.io maps and predicts the expertise of over 200 million experts worldwide, using a knowledge graph spanning millions of areas of expertise. This enables businesses to access expert information faster, more accurately, and easier than ever before, whether they need to understand the rare disease treatment landscape or the latest application of drones in agriculture. .
Currently growing over 150% year-over-year, techspert.io will use the new investment to transform its platform, expanding into new areas of expertise, including consumer goods, technology, media and telecommunications, while allowing customers to get an instant expert. recommendations and provide experts with a more practical way to manage their expert assignments. The company will also expand its international project management team and business development teams to expand its operations and ensure results are delivered efficiently, with a high level of service.
David Holden-Blanc The CEO and co-founder of techspert.io said: “We founded techspert.io after experiencing difficulties and inefficiencies in connecting experts for product development and healthcare investment needs. We have made great strides in developing a platform that delivers value to both clients and experts and we are excited for the next phase of growth. “
Mike Adam, the president of techspert.io, who is also investing in this cycle, added: “We are extremely happy to have BGF on board as a long term partner for our business. They share our aspiration to give decision makers in businesses of all sizes precise, on-demand access to the world’s best domain knowledge experts. We look forward to embarking on the next phase of the journey with them as we strive to make a meaningful impact in the global knowledge economy. “
Mark Nunny, investor at BGF, said: “We have followed the achievements of techspert.io over the past 24 months and have been impressed that it has reached its technical and commercial milestones. Its technology platform automates the mapping and categorization of knowledge and experts, while connecting them to consulting firms, private equity firms and enterprises. techspert.io is unique in the industry as it addresses the issue of intensive human capital that is required in the traditional research process. The company delivers better experts, more efficiently and we are delighted to support David and his team in the next stage of growth. “
Over the past 12 months, techspert.io has integrated numerous clients from the healthcare, investment, private equity, advertising, consulting and corporate sectors, and has expanded into the healthcare industry. energy and industry. During the year, the team grew to over 50 people, and the company increased its global presence with the opening of a new office in Houston, texas as the company continues to expand internationally.
techspert.io was born out of the frustration felt by the founders, Graham and David, when working in investment funds and healthcare companies respectively, where they faced challenges in identifying the true global experts in niche areas but rapidly evolving. . By teaming up with computer scientists, they began to apply AI and machine learning to redefine how knowledge and expertise are identified and accessed globally. The team has grown to include creative, innovative and ambitious professionals from many disciplines, working together to create a platform that understands the knowledge of the world, connecting our clients with the right expertise every time.
BGF was established in 2011 and has invested over £ 2.5bn in over 400 companies, making it the most active growth capital investor in the UK. BGF is an uncontrolled minority shareholder with a patient vision of investments, based on shared long-term objectives with the management teams it supports. BGF invests in growing companies in the UK and Ireland through its network of 16 offices. In 2018, Canada launched its equivalent – the Canadian Business Growth Fund – and in 2020, Australia does the same, both based on BGF’s approach and funding model. See: www.bgf.co.uk.
Part of BGF’s investment in techspert.io comes from its recently launched UK Enterprise Fund (UKEF), established alongside Coutts, the private banking arm of NatWest, to provide clients with access to private, disruptive and disruptive businesses. companies that are revolutionizing their sector.
About Nauta Capital
Nauta Capital is a pan-European venture capital firm investing in technology start-ups, with offices in London, Barcelona. and Berlin. With more than half a billion assets under management and a team of 24 people, Nauta Capital is one of the Europe largest B2B-focused VCs.
As an independent industry investor, Nauta’s main areas of focus include B2B SaaS solutions with strong network effects, vertically focused enterprise technologies transforming large industries as well as those leveraging deep technology applications. to solve the challenges facing large companies. Nauta has supported more than 60 companies through Europe and out 12.
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