Bristol, UK-based Clue, a SaaS platform that offers investigation management systems to the police in the UK and an acknowledged expert in the application, announced that it has raised £5M (approx €5.94M) in a growth round of funding.
Investor in this round
The funding came from Frog Capital, a specialist software scale-up investor in high-growth European software companies and software-enabled businesses at the scale-up stage.
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Mike Reid of Frog Capital, who has joined as a board member of Clue, explains, “Across the industries that Clue serves there’s a deep-rooted frustration at the lack of good enough tech to allow people to do their investigative work as efficiently and thoroughly as they need. For too long there’s been a staggering underinvestment in how investigations are done, resulting in missed opportunities and slow outcomes for hardworking investigative teams and the people they serve.”
“Clue’s technology is delivering clients a step-change in how they manage and resolve incredibly complex and sensitive investigation cases. With Frog’s investment and experienced team of operators, Clue can accelerate their incredibly positive organisational and, critically, social impact in the key fields of policing, child welfare, financial crime amongst many others,” Reid added.
With this fundraise, Clue’s CEO Clare Elford, and COO Thomas Drohan are joined on the board of directors by CFO Nick Harber, Senior Partner at Frog Capital Mike Reid, and Adam Hale, Chair of the ScaleUp Institute, as Chairman.
“World leading investigation and intelligence software”
Clue is a cloud-based investigation case management and intelligence platform. It helps organisations to prevent harm and secure justice by building intelligence and progressing investigations towards evolving threats, increasing volumes of data, and the need for multi-agency collaboration.
Clare Elford, CEO of Clue, says, “The world of intelligence and investigations is no longer constrained to policing, there is much wider application. Organisations are under growing scrutiny, finding themselves more susceptible to threats and with a much greater duty of care towards the vulnerable.”
“Clue has productised decades of investigation expertise into a platform that empowers intelligence officers and investigation experts to achieve successful outcomes,” added Elford.
Currently, the platform is used across government, private, and non-profit sectors to investigate cyber-crime, fraud, child protection, corruption, environmental crime, cheating in sports, and much more.
According to Thomas Drohan, the proceeds from this round will help Clue to strengthen its platform with further AI (Artificial Intelligence) and ML (Machine Learning) capabilities, automation, data insights, and business intelligence.
Drohan says, “Frog Capital has a formidable track record, with an impressive team who we are looking forward to working with to deploy the Scale-up Methodology and drive business growth and a solution to better serve the market.”
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