We are pleased to announce that Data Discovery Solutions (DDS) Ltd Group, chaired by our Chairman John O’Connell, has successfully completed a £6.5 million funding round from Gresham House, with support from other shareholders also.
This infusion of funds is aimed at fuelling further innovation, expansion, and market penetration for its core divisions ActiveNav and Actfore, making a total funding of circa £15 million since 2019.
ActiveNav is a leading provider of data governance software solutions to Federal and Commercial organisations in North America, the UK and Australia, primarily, with a track record of pioneering cutting-edge innovations, empowering organisations to understand, clean, and control their data.
Pictured Left to Right: John O’Connell, Founder and CEO, ScaleUp Group; Peter Baumann, CEO and Founder of the DDS Group and ActiveNav; Trevor Hope, Chief Investment Officer at Gresham House Ventures.
“We are thrilled to embark on this next phase of growth with the support of our investors,” said Peter Baumann, CEO and Founder of the DDS Group. “This round underpins our vision of empowering enterprises to navigate the complexities of data governance to ultimately achieve Zero Dark Data (ZDD™) with our software platforms.”
Actfore is a game-changer in the field of data mining for cyber incident response. Its rapid growth underscores the pressing need for agile solutions to quickly analyse data compromised during an incident efficiently, effectively, and economically.
Trevor Hope, Chief Investment Officer of Gresham House commented, “Both ActiveNav and Actfore have delivered impressive growth in recent years, with our previous investments enabling widespread adoption of their software solutions in businesses and public sector organisations worldwide. With a compelling opportunity set over the years ahead, this is an exciting time to provide further capital and we look forward to working with both businesses as they continue their positive trajectory.”
John O’Connell said, “ScaleUp Group is delighted that Gresham House, whom it introduced in 2019 continues to show its confidence in ActiveNav and Actfore, by this being the third round it has led. We specialise in finding capital for high growth technology businesses with global ambitions from long term added value funding partners of which Gresham House is a prime example.”