British Business Bank partner, Panoramic Growth Equity, makes further investment in Edesix
Edesix, a UK-based market leader in body worn camera (BWC) solutions, has secured further investment from Panoramic Growth Equity, who have been backing the company since 2014.
Edesix has raised a further £750,000 to fund expansion into new markets and to continue the development of its technology, product range and sales infrastructure both in the UK and overseas.
Headquartered in Edinburgh, UK and established in 2002, Edesix manufactures BWC’s for those in public facing roles, helping to improve safety, while producing compelling legal evidence when needed. Edesix currently provides VideoBadges and VideoManager footage management software to local authority enforcement teams, police forces, bailiffs, security personnel, and transport firms. Customers include First Great Western, The Ministry of Justice, Police Scotland and the Abu Dhabi Police Force.
Panoramic is a leading investor in fast growing entrepreneurial companies, having been founded by Stephen Campbell, David Wilson and Malcolm Kpedekpo to provide equity for growth companies. Panoramic Growth Equity invests between £1m and £5m of capital into any one portfolio company.
Of this follow investment, Panoramic’s David Wilson, who sits on the board of Edesix Ltd, commented: “This additional investment from Panoramic demonstrates our continued support for Edesix to build on the excellent progress the company has made since we first invested in 2014.”
Edesix Managing Director, Richie McBride, commented: “The support for and investment in Body Worn Camera technology, globally, has grown significantly in recent years. Edesix has successfully penetrated key target markets, both within the UK and overseas, and securing this further investment will allow us to continue to expand our reach and meet customer demands.”
Panoramic Growth Equity is supported by the British Business Bank through its Enterprise Capital Funds programme.