Connexica Holdings Limited, a Stafford, UK-based developer of business intelligence software, has received a £250,000 investment from Midven’s Exceed Midlands Advantage Fund.
Connexica has developed a BI tool called NetSearch that allows users to index, enquire, analyse and present large volumes of corporate data.
NetSearch has been used by health organisations and companies in the retail sector.
Established in 2006 as a spin out from Ardentia Ltd, a company that provides business intelligence software to the NHS, Connexica will use the funding to grow the team (currently comprised of ten emloyees) and develop a sales and marketing strategy.
The Exceed fund, managed by Midven and supported by LDC, is focused on backing high-growth businesses in the West Midlands region requiring between £250,000 and £750,000 of investment.