ControlCircle raises £6 million

A company which manages data centres and internet connections for websites including KPMG and Rightmove has raised £6 million in growth capital.

London-based ControlCircle secured the funding from venture capital (VC) firm Scottish Equity Partners to fund ‘aggressive organic growth’ and expansion into new territories. The company, which has annual sales of £10 million, already has operations in Europe and the US.

Scottish Equity Partners is the first VC investor in ControlCircle, which until now has been funded by its founders, Damian Milkins and Simon Hancock.

Target areas for expansion include Amsterdam, Frankfurt, Silicon Valley and Singapore.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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