Construction software and hardware solutions provider, Datascope Systems, has secured a multi-million-pound investment from BGF. The Chester-based company, founded by Adrian Butt, has an excellent reputation for developing construction site management solutions that drive efficiency and enable project planning, site attendance, logistics, permits, and contractor compliance. The funding from BGF will accelerate the high-growth business’s ambitious strategy, domestically and internationally, across infrastructure, residential, and commercial markets.
CEO Butt noted that in the last two decades, Datascope has grown from a construction site hardware business to a fast-growth SaaS company with four core products designed to drive efficiency for global, multi-billion-pound organizations. Datascope’s expansion plan is to increase its global footprint rapidly in territories like the US, the Middle East, mainland Europe, and the Far East while investing heavily in new product development and boosting sales capabilities. To achieve these goals, the company needed an investment partner with excellent sector credentials and long-term growth support, which they found in BGF.
Pinesh Mehta, Josh Bean, and Elle Swire of BGF Manchester led the deal with Geoffrey Finlay joining the board as non-executive chair. Finlay is a chair and former CEO of FTSE, NASDAQ, and PE-backed technology companies, including Logistyx Technologies and Navitas. Investor Mehta stated that Datascope is an exciting and dynamic technology business with a highly ambitious senior leadership team, a strong core product offering, and a sizeable addressable market. He added that combining these features with BGF’s track record of helping tech businesses scale quickly sets the stage for a successful relationship.
