While the rest of the world appears to be running around with its hair on fire, I was hugely heartened to see the BGF backing another British creative business, Kagool, this week to the tune of £6m.
The British Growth Fund is a unique institution born in 2011 out of the liquidity crisis following the 2008 recession. Since then it has invested £2bn in 289 businesses and is now the most active growth investor in the world. The BGF has form in marketing services having previously backed Four.
Kagool is a 70-strong agency with expertise in Sitecore, a much in-demand CX, web content and automation platform that drives .Net enterprise-scale web experiences.
Confidence alone won't heal the commercial chaos caused by Covid-19, but this kind of investment is exactly what's needed now. It puts Kagool in a very strong position and adds to the BGFs portfolio of future-focused businesses. Bravo.
BGF has invested £6m in Kagool, the industry-leading digital agency and Sitecore specialist, to support its organic and acquisitive growth strategy.