GrowthFunders Success Intelligence Fusion Seeks £400,000 on Crowdcube

Intelligence Fusions, a software-as-a-service business, has launched an equity crowdfunding campaign on Crowdcube. This news comes just after the company secured £166,400 through its funding round on GrowthFunders, with reportedly £66,400 from the G Ventures Network of Professional investors and £100,000 from the Finance Durham Fund. Backed by Finance Durham, a fund managed by Maven Capital Partners, Intelligence Fusions is now seeking the funds to build the next iteration of its product.

Founded in 2014, Intelligence Fusion describes itself as a secure online intelligence, security, and risk fusion platform that provides private and public security organizations and their security consultants with global situational awareness to protect their people and assets.

[Intelligence Fusion] is a web-based platform that allows group collation of incidents from users around the world. It then presents that intelligence using a global mapping system and forums to promptly disseminate a breadth of data that businesses need to mitigate risk. By outsourcing intelligence requirements it frees up internal teams to focus on key business activities, saving both time and resource over employing a dedicated team.”

According to Growth Capital Ventures (GCV), Intelligence Fusion ran its campaign through the GrowthFunders Platform to attract Professional Investors while meeting with Institutional Investors to ensure the round is anchored by the correct partner. GCV also revealed:

“This campaign has recently moved into close out, and we are delighted that anchor investors have participated both through the platform and from the Finance Durham Fund, managed by Maven, which will enable the company to embark upon their next phase of growth.”

Intelligence Fusion went on to add that the funds will also go towards deepen the technology and build the next iteration, with new products and features, whilst increasing in-house resource to provide increased scale. Since its launch, the Crowdcube initiative has secured more than £180,000 from over 60 investors. It is set to close at the beginning of November.

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