Olive Jar Digital, a London, UK-based digital consultancy, received a £6m investment from IW Capital.
Shawbrook Bank supported the investment via £1.5m leverage loan.
The company intends to use the funds to continue to expand into the private sector as it aims to build on its existing partnerships with the likes of the NHS and the Department for Education.
Launched in 2015 by co-founders Rajesh Thakrar and Olivia Nixey, who will be retained following the acquisition, with IW Capital maintaining majority ownership, Olive Jar specializes in digital transformation projects, helping businesses move away from laborious, manual and paper-based processes. Using a combination of data, software and artificial intelligence (AI) capability, the firm builds efficient user-friendly systems and programs to transform clients’ digital services and talent management.
FinSMEs
15/03/2021