Maven Capital Partners , one of the UK’s most active private equity houses, has led a £3 million (€3.3 million approx.) funding round in Manchester-based startup DigitalBridge, a guided design platform for kitchen and bathroom retailers. The recent transaction comprises a £1.5 million package from Maven’s Venture Capital Trusts (VCTs) and £1.5 million from the NPIF Maven Equity Finance, a regional development fund managed by Maven which forms part of the Northern Powerhouse Investment Fund.
The funding will support the roll-out of DigitalBridge’s platform and the creation of 15 new jobs. It will also enable the company to create additional products and penetrate new markets, particularly the US. DigitalBridge has been working with Kingfisher Plc (owners of B&Q and Castorama) since 2017.