Knights' Corporate team has collaborated again with growth capital investor BGF; this time on its £4m investment into Warrington-based DriveWorks.
A double Queen's award-winning business, DriveWorks provides innovative design automation and 3D sales product configuration software solutions to the manufacturing and engineering sectors.
The fast-growing technology company was co-founded by Chief Executive Glen Smith and Vice President Maria Sarkar in 2001 with the creation of DriveWorks software as a design tool to automate SOLIDWORKS, the world’s leading 3D CAD design platform.
BGF’s funding will support continued investment in technology to accelerate growth and position the business to address the significant market demand for customised 3D product visualisation in an increasingly virtual world.
Harry Jones, from BGF, said: “DriveWorks is an excellent business with unique and world-leading technology which has significant global potential to help manufacturing companies generate more sales whilst also driving efficiencies in their production processes.
We have also been impressed by the founders’ commitment to their team and investing in talent within the business which gives a strong cultural alignment between our organisations. All of these elements, combined with our support, investment and attractive sector fundamentals, mean DriveWorks is primed to scale its operations.”
David Easdown, Partner at Knights, commented: "It has been a busy couple of months for our Corporate team and we're really pleased to support the BGF team on another investment. We’re sure that DriveWorks will go from strength to strength with the additional firepower and expertise that BGF provides."