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Scottish Equity Partners invests in Dotmatics from Fund V

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Venture capital investor Scottish Equity Partners (SEP) has backed data storage company Dotmatics.

It is not clear how much capital SEP invested, but it typically provides up to £25m to businesses.

The firm made the investment from its fifth growth fund, which pulled in £260m in November last year.

Dotmatics is a software company that provides tools for data analysis, storage and management for companies in the pharmaceutical, biotechnology, food and beverage, oil and gas and the agrochemical industries.

It currently employs more than 100 people, including chemists, biologists and software engineers across Europe, USA and the Asia Pacific.

The firms investment will allow the business to pursue its growth plans.

Since it was founded 20 years ago, SEP has made 150 investments, 120 exits and managed up to $1bn in capital.

It currently boasts a portfolio of 30 companies across the health, IT, energy and infrastructure sectors.

Late last year AltAssets reported that the firm had closed the £1.4bn exit of Skyscanner.

Copyright © 2017 AltAssets

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