Chester-based company Datascope Systems has secured an undisclosed multi-million-pound investment from the Business Growth Fund (BGF), a move set to significantly enhance its international presence, particularly in the US, Middle East, and Europe. The company, known for developing cutting-edge software and hardware solutions aimed at workforce management, planning, logistics, health and safety, and site access control in the construction industry, has seen remarkable growth over the past 20 years. Originally just a hardware supplier, Datascope has now evolved into a burgeoning SaaS firm offering four core products designed to drive efficiencies in large, multi-billion-pound construction organizations.
CEO Adrian Butt highlighted the strategic need for a robust investment partner with significant sector credentials to bolster Datascope’s long-term growth ambitions. The investment deal was managed by BGF investors Pinesh Mehta, Josh Bean, and Elle Swire, who recognized the company’s potential for substantial growth, citing its ambitious leadership, formidable product offerings, and vast market opportunities. This latest investment highlights BGF’s ongoing commitment to helping tech businesses scale effectively. This relationship pattern is consistent with their previous ventures, including the recent £5.5 million investment in Komi, a digital media platform based in Manchester, which proved highly successful.
Strategic Vision and Growth Plans
Datascope’s leadership sees this partnership with BGF as a pivotal step in strengthening their market position internationally. With the backing of BGF, Datascope aims to leverage its expertise to drive expansion in key global markets, an initiative that aligns well with its evolving product portfolio focused on the construction industry. The strategic investment will enable the company to accelerate its international growth plans, improve its product offerings, and deliver greater value to its customers by addressing unique challenges in workforce management and site logistics.
The company’s transition from a hardware supplier to a SaaS firm has already shown promising results, positioning Datascope as a leader in providing comprehensive, tech-driven solutions for the construction sector. This investment will not only fuel its expansion efforts but also support innovation within its core business areas—efforts that are critical to maintaining competitiveness in a fast-evolving industry. The partnership with BGF also underscores the growing importance of tech-driven solutions in optimizing construction site operations, safety, and overall project efficiency.
Impact on the Tech Ecosystem
Chester-based Datascope Systems has secured a significant multi-million-dollar investment from the Business Growth Fund (BGF), set to boost its international foothold, especially in the US, Middle East, and Europe. Known for its innovative software and hardware solutions in workforce management, logistics, health and safety, and site access control, Datascope has experienced impressive growth over the last 20 years. Initially a hardware supplier, it has transitioned into a thriving SaaS firm with four main products that enhance efficiency in large construction organizations.
CEO Adrian Butt emphasized the need for a strong investment partner with relevant sector expertise to support Datascope’s long-term growth objectives. The investment deal was facilitated by BGF investors Pinesh Mehta, Josh Bean, and Elle Swire, who noted the company’s potential for considerable expansion. They cited its ambitious leadership, strong product offerings, and extensive market opportunities. This investment underscores BGF’s dedication to helping tech businesses scale, consistent with their successful £5.5 million investment in Manchester-based digital media platform Komi.
