Creative ITC has secured a significant minority investment from LDC to drive its aims of building a £400m business within five years.
LDC’s investment and strategic support will help the business accelerate into new markets and build out its product capabilities. The backing will also enable Creative ITC to explore acquisitions.
Over the last two years, Creative ITC has increased both annual recurring revenues and its customer base by >90% and broadened its international footprint.
The investment was led by Chris Baker, Partner, and Tom Jervis, Investment Manager, both of whom will join the board as Non-Executive Directors.
As part of the transaction, Mark Thompson will also join the business’ board as Non-Executive Chair.
Keith Ali, CEO at Creative ITC, said: “Having grown rapidly in recent years, we’re now perfectly placed to explore new markets and continue to enhance the service we offer to our customers.
“LDC has clear and impressive experience in backing businesses like ours, which includes offering flexible funding to support acquisitions.”