Liverpool-based IQBlade, a competitive intelligence and market insight platform for B2B companies, has gained £325,000 of equity funding from the NPIF – Maven Equity Finance.
The fund is delivered by MSIF working with Maven Capital Partners in the Liverpool City Region.
IQBlade is a game changing web platform that delivers competitive insight to accelerate business growth.
The platform allows businesses to gain real-time insight into competitors, business partners and customers, enabling them to make smarter, data driven decisions needed to react swiftly to market changes. Key features of the platform include financial benchmarking, growth analysis, intelligent partner search, news tracking and real-time analysis of a company’s marketing capability.
Initial clients include Global IT brands and Government bodies wishing to analyse and transform supply chains. In addition, many similar organisations are already discussing trials of the platform with the company.
The investment will allow IQBlade to grow the business further, by boosting its headcount to include Software Engineers, Data Researchers, QA Specialists and Sales people. It will also allow them to increase their current marketing activity, with a new website, corporate videos and PR, all planned for the coming months.
IQBlade currently employ seven people, this will increase to 32 people within the next three years.
Antony Young, Director and Co-Founder of IQBlade, said:
“The investment from NPIF enables us to help more clients to navigate significant changes occurring in the technology industry and local government. We believe that it’s crucial to have accurate, real-time data at your fingertips when defining strategy and making investments during this time. We have an aggressive growth plan and are looking forward to building a great team to achieve it.”
Simon Thelwall-Jones, MSIF Investment Director, who delivered the investment on behalf of Maven Capital said:
“I found the management team at IQBlade really impressive; they have great industry knowledge, with a combined 50 years of experience working in IT. The market conditions also seem very positive right now, so I’m really excited to see this business progress and grow. It’s going to be a busy but very exciting year for the IQBlade team.”
Ken Cooper, Managing Director at British Business Bank, said:
“IQBlade is a great example of the type of company that the Northern Powerhouse Investment Fund is designed to assist. This investment will help IQBlade meet their growth ambitions and contribute to the Liverpool City Region’s economy. Our fund managers will continue to seek out similar high-growth companies in need of funding in the Region.”
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
For more information about Northern Powerhouse Investment Fund, please visit www.npif.co.uk.