ScaleUp Group ‘SUG’ is pleased to announce that it has supported exclusively its client Active Navigation, a leader in Data Privacy & Governance, inc. attracting growth funding from Mobeus VCT and members of SUG itself together with the setting up of an Employee Benefit Trust.
Active Navigation, a UK registered business with Angel Funding of only £1.5 million net to date has achieved profitable growth of 60% CAGR in the last 3 years. It’s 100+ clients include some of the largest organisations, predominantly in the USA, in both the commercial and Federal sectors, helping to manage their data and to recover from or avoid serious breaches, often stimulated by GDPR and similar regulations, such as CCPA in California.
John O’Connell Executive Chairman of SUG commented “SUG orchestrated an exhaustive, structured fund-raising process, embracing both UK &US Funds, from which we attracted a number of offers. Mobeus VCT was eventually selected, noting its transatlantic portfolio.’
“Active Navigation fits with our mantra to help create ‘Global Champions’. Our Members undoubtedly will be leveraging their international experience and connections– a real strength of our service to our clients, noting that Active Navigation plans to open offices in New York and Los Angeles, increase head-count and expand its network of technology and services partners. The Employee Benefit Trust facilitates providing equity based incentives to retain and attract key executives to our client.”
Peter Baumann, co-Founder and CEO of Active Navigation said “Active Navigation has an exciting opportunity in front of it, which was the catalyst for this infusion of capital, exploiting our hard won first mover advantage. This investment will help us to advance product development and scale rapidly to support our customers. Like many entrepreneurs before me, I was initially taken aback by the intensity of the fund- raising process. Without the advice and guidance of SUG I doubt we would have been able to achieve the outcome we have. They demonstrated great empathy with us, being ex-tech entrepreneurs themselves.”
Trevor Hope Partner in Mobeus VCT said “SUG provided great advice and support throughout the funding process with a strong commercial understanding of the challenges which come with completing a significant funding for a what is a transatlantic company. We look forward to working with the Active Navigation team to further foster their growth trajectory and cement their position as a frontrunner in the rapidly growing data privacy market.”
About Active Navigation
Active Navigation is a data privacy and governance software company. Its product suite enables enterprises and government entities to map, clean, classify, quarantine and delete redundant, obsolete and trivial data. Hundreds of companies and government agencies trust Active Navigation to help them control sensitive data and support compliance with various data privacy regulations such as CCPA and GDPR.