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February 8, 2024

Clue Software Secures £4M to Enhance Management Platform

UK-based company specializing in software for investigations and intelligence management unveiled a £4 million

Clue Software, headquartered in the UK and specializing in investigations and intelligence management software, has just concluded an impressive £4 million funding round. Spearheaded by Frog Capital, a purpose-driven scaleup investor, this funding marks a significant milestone for Clue, reflecting the growing confidence in its mission to empower professionals combating global threats.

In spite of challenging market conditions in the UK tech investment landscape, Clue has demonstrated remarkable growth. With a staggering 60% increase in annual recurring revenue (ARR) in 2023, the company has expanded its workforce from 45 to 70 employees. Projections indicate that Clue aims to surpass the 100-employee mark by the end of 2024.

Clue's impact extends beyond the healthcare sector, with its software benefiting various industries, including government, law enforcement, sports organizations, non-profits, and retail. The company's international user base underscores the broad applicability of its platform, with plans for further industry diversification in the pipeline.

Utilizing the newly acquired funds, Clue plans to bolster its commercial and community capacity, alongside investing in research and development for product enhancement. The focus remains on supporting investigation and intelligence teams across sectors such as public sector fraud, insider threat detection, sports integrity, and healthcare regulatory compliance.

Driven by a community-centric approach, Clue fosters knowledge sharing and collaboration among investigation professionals globally through regular events and working groups. CEO Clare Elford emphasizes the importance of building a networked community to address common challenges and share best practices.

The endorsement from investors like Martin Leuw underscores Clue's unique proposition—a blend of intelligent software, community-driven ethos, and a talented leadership team. With over 5,000 users worldwide spanning government agencies, corporations, law enforcement bodies, non-profits, and sports governing bodies, Clue's platform continues to make a significant impact in the fight against global threats.

This successful funding round underscores Clue's strong position in the investigations and intelligence management software market. With a focus on user-centric solutions, community building, and continuous product development, Clue is poised for sustained growth and continued impact in safeguarding society from harm.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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