The Hague-based Laxton Group Limited (Laxton), a company that works with governments and other organisations to provide end-to-end biometric solutions in the election, citizenship identity, border security, and law enforcement fields, announced that it has received a strategic investment from Washington-based Enlightenment Capital, aerospace, defense, government, and technology-focused investment firm.
Devin Talbott, founder & Managing Partner of Enlightenment Capital, says, “Laxton is a great example of the type of innovative and entrepreneurial businesses with whom we seek to partner. Lyle has built a great business, and we are excited to help him write the next chapter in Laxton’s history.”
Laxton’s future solutions
Founded in 2004, Laxton says its team of experts has built, implemented, and serviced nationwide identity systems. Enlightenment Capital’s investment poured in as a part of Laxton’s new biometrics and digital identity management vertical.
The company says it will use the funds to finance product development and organic growth efforts. Moreover, Enlightenment Capital will also provide strategic and M&A support for inorganic growth opportunities.
Lyle Laxton, founder and CEO of Laxton, says, “Laxton is excited to form a partnership with Enlightenment Capital to serve our current customers better and reach new ones, as we accelerate our growth.”
“Enlightenment’s experience and expertise is exactly what we were looking for in a strategic investor. This partnership greatly enhances our ability to drive growth through M&A and strategic initiatives and allows us to refine our technology portfolio and manufacturing processes to scale with demand,” he adds.
The Investor
Enlightenment Capital is a private equity firm with more than a decade of experience. Through its partnerships, the company says it provides vital services, protects critical infrastructure, develops cyber and data solutions, enhances decision-making capabilities, engineers aerospace systems and space systems, safeguards national security, and strives to meet the challenges of tomorrow and today.
