Business Growth Fund

Business Growth Fund is an influential investor in small and mid-sized businesses. It was set up in 2011 to offer growing companies and ambitious entrepreneurs patient capital and strategic support. With 14 offices, they are close and relevant to the businesses they invest in. They have grown to a team of 150+ and a network that’s made up of one of the largest pools of board-level executives. Collectively, the companies in their portfolio employ close to 50,000 people. They want to see more entrepreneurs using their capital not only to scale-up their own business but also, collectively, to drive economic activity and with it increase employment, exports, and growth.

Tim Bittleston

Chairman

Olly Cutting

Investor

David Gammie

Investor

Paddy Graham

Investor

James Skade

Investor

Hannah Waters

Investor

Past deals in Electronics

Descycle

Series A in 2024
Descycle is a British startup specializing in e-waste recycling and metal recovery. The company has developed innovative metal recycling technology that eliminates the need for toxic chemicals, offering a more environmentally friendly alternative to conventional recycling methods. By focusing on the recovery of valuable metals from electronic waste, Descycle aims to provide significant environmental and economic benefits, allowing industries to reduce their carbon footprint. This approach enables businesses to recycle metals efficiently while maintaining a commitment to sustainability and promoting a cleaner environment. Descycle's disruptive technology positions it as a leader in the e-waste recycling sector.

Forefront RF

Series A in 2024
Forefront RF is a fabless semiconductor company specializing in radio frequency technology. The company focuses on simplifying the design of multi-band smartphones, wearables, and Internet of Things (IoT) devices. By developing advanced radio frequency components, Forefront RF enhances the accessibility of these technologies, allowing receivers to detect even the weakest signals during transmission. This innovation aims to expand the market reach of consumer electronics, making them more efficient and user-friendly.

Forefront RF

Venture Round in 2023
Forefront RF is a fabless semiconductor company specializing in radio frequency technology. The company focuses on simplifying the design of multi-band smartphones, wearables, and Internet of Things (IoT) devices. By developing advanced radio frequency components, Forefront RF enhances the accessibility of these technologies, allowing receivers to detect even the weakest signals during transmission. This innovation aims to expand the market reach of consumer electronics, making them more efficient and user-friendly.

Forefront RF

Seed Round in 2021
Forefront RF is a fabless semiconductor company specializing in radio frequency technology. The company focuses on simplifying the design of multi-band smartphones, wearables, and Internet of Things (IoT) devices. By developing advanced radio frequency components, Forefront RF enhances the accessibility of these technologies, allowing receivers to detect even the weakest signals during transmission. This innovation aims to expand the market reach of consumer electronics, making them more efficient and user-friendly.

CurrentBody.com

Private Equity Round in 2019
CurrentBody.com Ltd specializes in the online retail of home-use beauty devices, offering a diverse range of products under well-known brands such as Clarisonic, NuFace, SmoothSkin, Tria, Wellbox, Iluminage, and Foreo. The company provides various electrical health and beauty products, including devices for electrical muscle stimulation, hand-held lasers, light-based treatments, radio frequency tools, and sonic cleansing brushes. These products are designed for facial cleansing, hair removal, anti-aging, and acne treatment, catering to both men and women. Founded in 2009 and headquartered in Manchester, United Kingdom, CurrentBody has capitalized on the growing trend of at-home beauty technology, offering devices that replicate professional treatments typically found in salons, spas, and clinics.

Bf1systems

Venture Round in 2019
bf1systems is a market provider of electrical, electronic and composite solutions to clients in the Motorsport and Automotive Industries. Products from bf1systems are featured on championship winning vehicles in all top level motorsport disciplines including F1™, IndyCar, NASCAR, World Rally, Touring Cars, Rally Raid, Le Mans and Moto GP, plus on the world’s most prestigious road cars from manufacturers such as Lamborghini, McLaren and Bugatti.

Walker Precision Engineering

Venture Round in 2018
Walker Precision Engineering Ltd is a manufacturer of high-precision components and complex parts, primarily serving the aerospace, defense, telecommunications, and industrial sectors. Established in 1979 and located in Glasgow, the company offers a range of services including CNC milling, turning, electrical discharge machining (EDM), grinding, plating, painting, and non-destructive testing (NDT). Additionally, it provides assembly, testing, and design-build project services. Walker Precision Engineering is equipped with modern technology and CAD software, allowing it to deliver a diverse array of quality products at competitive prices to clients in Scotland, England, and Poland.

Evoke Creative

Venture Round in 2018
Evoke Creative Limited specializes in the design and manufacture of digital technologies, including self-service kiosks, video walls, digital signage, ticket machines, interactive touchscreens, and self check-out machines. The company provides both hardware and software solutions aimed at enhancing customer engagement and experience across various industries such as retail, healthcare, hospitality, and the public sector. Founded in 2003 and based in Wirral, United Kingdom, Evoke Creative focuses on creating innovative digital solutions that improve transaction conversion rates and operational efficiency for its clients. Its product offerings include tools that deliver insights into customer experiences, helping businesses to optimize their services and reduce costs.

Walker Precision Engineering

Venture Round in 2018
Walker Precision Engineering Ltd is a manufacturer of high-precision components and complex parts, primarily serving the aerospace, defense, telecommunications, and industrial sectors. Established in 1979 and located in Glasgow, the company offers a range of services including CNC milling, turning, electrical discharge machining (EDM), grinding, plating, painting, and non-destructive testing (NDT). Additionally, it provides assembly, testing, and design-build project services. Walker Precision Engineering is equipped with modern technology and CAD software, allowing it to deliver a diverse array of quality products at competitive prices to clients in Scotland, England, and Poland.

Sertec Group

Venture Round in 2016
Sertec Group is a prominent manufacturer specializing in lightweight body structures and electric vehicle components for the automotive industry. With five manufacturing sites located in the Midlands, UK, and a tooling operation in China, the company has established a strong reputation for its expertise in various manufacturing processes, including transfer and progression presswork, welded assemblies, tube manipulation, exhaust bright trim, and wire forming. Over its 53 years of experience in supplying the automotive sector, Sertec has developed particular proficiency in aluminum welding technology and has made significant investments in robotic equipment to support the production of lightweight platforms for its customers' vehicles. Through its comprehensive solutions, Sertec Group enables automotive manufacturers to enhance the performance of their vehicles.

Thames Technology

Venture Round in 2013
Thames Technology, based in Rayleigh, United Kingdom, specializes in the manufacturing, personalization, and fulfillment of plastic cards for a diverse range of customers both domestically and internationally. Founded in 1994, the company produces various types of cards, including financial cards such as chip and contactless options, retail cards like gift and loyalty cards, and commercial cards for applications in health, membership, transport, and access. Thames Technology operates from a secure facility and offers a comprehensive service that includes card design, production, personalization, and distribution, catering to markets including banking, retail, telecommunications, and identification. As of November 2019, Thames Technology is a subsidiary of Paragon ID SA.

Thames Technology

Venture Round in 2013
Thames Technology, based in Rayleigh, United Kingdom, specializes in the manufacturing, personalization, and fulfillment of plastic cards for a diverse range of customers both domestically and internationally. Founded in 1994, the company produces various types of cards, including financial cards such as chip and contactless options, retail cards like gift and loyalty cards, and commercial cards for applications in health, membership, transport, and access. Thames Technology operates from a secure facility and offers a comprehensive service that includes card design, production, personalization, and distribution, catering to markets including banking, retail, telecommunications, and identification. As of November 2019, Thames Technology is a subsidiary of Paragon ID SA.

Sub10 Systems

Venture Round in 2013
Sub10 Systems, based in Devon, UK, specializes in the design, development, and sale of advanced millimetre wave (MMW) wireless Ethernet bridges. Established in 2010, the company focuses on providing innovative wireless solutions for data transfer, catering primarily to telecommunications companies and large network operators. The team comprises professionals with extensive experience in senior leadership roles within leading telecommunications manufacturing and sales organizations, which enhances the company's expertise in delivering high-quality wireless devices.

Bullitt Group

Venture Round in 2013
Bullit Group is a UK-based company that provides go to market solutions for global brands looking to extend into mobile or audio products. Its channel partners and customers include global cellular distributors and telecoms carriers, who sell the company’s products to end users in 32 countries. It is the worldwide licensee of Caterpillar Inc. for mobile devices and accessories and the licensed manufacturer of JCB mobile devices. Another brand in the portfolio is Ted Baker (audio products). Bullitt operates globally and employs 30 people, with offices in Shenzhen in China, and the US.

M Squared Lasers

Venture Round in 2012
M Squared Lasers is a manufacturer of advanced lasers and photonic instruments designed to enhance capabilities, reliability, and usability across various industrial and scientific sectors. With over twenty years of experience, the company specializes in harnessing the power of light to drive innovation and facilitate cross-sector partnerships. Its product offerings cater to diverse industries, including manufacturing, oil and gas, space technology, and healthcare. M Squared's technology plays a significant role in breakthroughs in fields such as dementia research, cancer diagnosis, and whiskey maturation. By providing cutting-edge solutions, M Squared Lasers aims to address complex challenges and accelerate advancements in multiple applications.

M Squared Lasers

Venture Round in 2012
M Squared Lasers is a manufacturer of advanced lasers and photonic instruments designed to enhance capabilities, reliability, and usability across various industrial and scientific sectors. With over twenty years of experience, the company specializes in harnessing the power of light to drive innovation and facilitate cross-sector partnerships. Its product offerings cater to diverse industries, including manufacturing, oil and gas, space technology, and healthcare. M Squared's technology plays a significant role in breakthroughs in fields such as dementia research, cancer diagnosis, and whiskey maturation. By providing cutting-edge solutions, M Squared Lasers aims to address complex challenges and accelerate advancements in multiple applications.

Wow! Stuff

Venture Round in 2012
Wow! Stuff is a company that specializes in creating innovative toy products and gift items, aiming to maximize sales per square foot within retail partner stores. It develops original brands and new toy categories, often in collaboration with licensed brands. The company boasts an in-house team of scientists, engineers, and product developers, which allows it to produce award-winning toys recognized for their innovation and quality in the toy industry.
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