The Sigma Technology Venture Fund (“STVF”), a fund managed by Sigma Technology Management Ltd, has led a total investment round in Exterity Limited of £830,000. STVF invested £332,500 as lead investor alongside the Scottish Co-investment Fund, which invested £332,500, LINC Scotland, which invested £15,000, and a group of private investors, who invested £150,000.
Exterity, which was founded in 2001, develops and supplies a range of products that distribute TV and video around business and campus networks for corporate, education and hospitality organisations. Exterity’s customers include Barclays Bank, Johnson and Johnson, Reuters, SAB Miller and the Metropolitan Police.
This round of funding will be used to support further expansion of the company’s commercial activities both in the UK and Europe. Mark Hogarth, Investment Director at Sigma, will join the Board as a non-executive director.