Dundee-founded tech developer strengthens London presence with £4.8m funding

Mobile app and digital product developer Waracle has received a £4.8m investment from BGF.

Waracle designs, develops and manages mobile apps and other digital products, working with some of the UK’s largest businesses across sectors including fintech, digital health and energy.

Founded in Dundee in 2007, the business has recently strengthened its London office with several key hires to further support businesses based in the capital.

BGF’s investment will be used to support Waracle’s expansion and growth plans as it looks to widen its geographic reach.

Duncan McIntyre, chair of BGF-backed Helecloud, has been appointed non-executive chair following an introduction from BGF’s Talent Network.

Chris Martin, CEO of Waracle, said: “We’ve built a fantastic business over the last 12 years, investing in great talent and building long-term partnerships with some of the UK’s most recognisable brands.

“We’ve now identified the right partner in BGF, with a great team that understands and supports our growth strategy. BGF’s expertise, coupled with Duncan’s knowledge and experience, will be invaluable as we enter this next stage of our growth.”

The investment was led for BGF by Richard Pugh and David Fraser.