Proventeq Receives Multi-Million-Pound Investment from BGF

Funding Rounds

▤ Summary

The company intends to use the funds to boost its offerings in Enterprise Content Management (ECM) modernisation, Intelligent Information Management, and AI-led innovation. Led by CEO Nitin Mahajan, CTO Rakesh Chenchery, and CCO Balu Herbert, Proventeq aims to help organisations establish foundations with secure and new data platforms, enabling them to improve with AI and automation. The company recorded 24% revenue growth last year, assisting companies in migrating and modernising their legacy ECM platforms, implementing compliance and governance solutions, and accelerating the adoption of AI/Copilot based solutions. Founded in 2007, with headquarters in the UK and offices in India, Dubai, and the USA, Proventeq has a global customer base in over 30 countries. The company has offices in India, Dubai, and the USA.

$ Funding

$
Amount - Total raised
□
Date November 14, 2024 Announcement date
◎
Investors BGF Ventures Lead investors
▥
Company proventeq.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
Enterprise Content Management Software Cloud Migration Software AI-powered Content Analytics

▦ Linked Companies

Proventeq
$10M to $25M