KeTech provides communication, information and detection technologies across transport, industrial, security and public sector markets. The company specializes in rail communication systems and security products and has secured contracts with major clients including Bombardier/Crossrail, the UK and Japan Ministries of Defence, London Underground, Northern Rail, Thales, the German Federal Police and Gatwick Airport. Founded in 1999 and led by CEO Steve Berg, CFO Mike Tebbutt and MD (Rail) Denise Lawrenson, KeTech employs 65 staff across its Nottingham head office, Preston and London. It is working on a £7.2m contract to provide on-train driver information systems for Bombardier/Crossrail. KeTech received £5m in funding and intends to use the proceeds to grow in the UK and expand internationally. As part of the deal Richard Moon is joining the company as Chairman. KeTech is a Bedford-based software company that sells software integration services to clients including Chiltern Railways, Metronet and Mitie. It employs about 100 people across six UK sites. The company doubled sales to £16m since 2006. KeTech will receive £2m from the Capital for Enterprise Fund as part of a £4.5m refinancing that also includes £2.5m in invoice discounting from Centric Commercial Finance. The investment is the first made by the Capital for Enterprise Fund, a government venture initiative launched in January 2009 that will provide £75m of equity (£50m from government and £25m from Barclays, HSBC, Lloyds TSB and RBS). The Fund targets equity and quasi-equity investments of £250,000 to £2m in EU-defined SMEs and has three other investments in the pipeline.

Total raised

$11M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2015