Maven Capital Partners has led a £4.5 million funding round in Cambridge-based Blackdot Solutions, a provider of advanced intelligence and investigations software.
The transaction includes a £3.7 million investment from Maven’s Venture Capital Trusts (VCTs), as well as £350,000 from ScaleUp Group, which will enable Blackdot to scale its operations, enhance product development, and expand its global footprint.
Founded in 2013, Blackdot has developed Videris, a powerful SaaS platform designed to revolutionise how organisations gather, analyse, and visualise data from public and proprietary sources. Trusted by a growing international client base spanning government, law enforcement, and large corporates. Videris empowers users to quickly and efficiently conduct secure investigations to identify threats, mitigate risk, and ensure compliance with complex regulatory standards.
The funding from the Maven VCTs will enable Blackdot to increase headcount, with a focus on technical expertise and business development. The company also plans to enhance automation and AI capabilities within its product and scale its go-to-market strategy to drive growth in both existing and new markets.
Operating within the rapidly growing Open Source Intelligence (OSINT) market, projected to exceed $36 billion by 2030, Blackdot is well positioned to capitalise on rising demand for advanced data analysis and compliance tools. This surge is driven by heightened regulatory scrutiny, the need for efficient intelligence platforms, and a stronger focus on risk management.
Melanie Goward, Partner at Maven, commented: “Blackdot is a business operating at the forefront of a growing market, driven by increasing demand for advanced risk management and compliance tools. With a strong management team, consistent revenue growth, and a blue chip client base, the business is well placed to capitalise on global opportunities. We’re excited to support Blackdot’s continued growth as it scales its operations and expands into new markets.”
Stuart Clarke, CEO at Blackdot Solutions, added: “This investment marks a pivotal moment for Blackdot. With Maven’s backing, and our strong team, we can accelerate the evolution of Videris, enhancing its automation and AI capabilities while exploring
new investigative use cases with our customers. These developments will further cement our reputation as a leader in the OSINT investigations market. Maven’s expertise and support will also be instrumental as we expand globally and continue delivering innovative solutions to our blue-chip client base.”
John O’Connell, Executive Chairman and Founder, ScaleUp Group, said: “As it enters this exciting next phase of growth, we are delighted to have supported Blackdot by orchestrating their investment process as well as co-investing alongside Maven. With Maven’s lead investment and Blackdot’s strong leadership team, the company is well positioned to enhance its technology, expand its capabilities, and bring even greater value to its current and new clients.”
