ED Group invests in private technology companies via its wholly owned Technology and Innovation Fund (the Fund). The focus of the Fund is to invest in technology businesses that have established products and customer bases and are seeking capital with which to grow.
The Fund has multiple decades of experience in founding and managing technology companies, growing them either organically or by acquisition, and in exiting by listing or sale. It has been particularly successful in growing UK companies into the US market.
The Fund does not have a fixed life, so can approach investments with a longer term time horizon than is typical from mainstream private equity funds. Some companies that the Fund has invested in are set out below.
iVendi develops technology that makes it easier for consumers to finance their purchase of second hand cars. Their technology is embedded in dealer showroom systems, lenders, and portals. It enables the selection of the most appropriate financing for an individual based on their credit history, and searching for vehicles based on affordability.
Sales-i supply technology to help companies selling large volume, lower value items help their customers to understand sales trends and improve margin. The Fund has helped the company grow over 7 years, expanding so that 65% of the revenue now comes from North America.
Telrock provides mobile first customer engagement for organisations wanting to interact with their customers. Particular focus on financial institutions, allowing fraud alerting, one time passwords and collection activity.
CITC is developing a world leading collection and recovery service in the cloud using modern technology and techniques to enable retail financial institutions to quickly deploy on the platform. It is integrated with the Telrock service to enable end to end digital engagement in collection and recovery activity.