Prova Investments has announced the successful divestment of its shareholding in Caption Data Limited (“Caption Data”) to Polygon Group (“Polygon”), a global expert in property damage control.
Caption Data provides end-to-end industrial IoT solutions for sectors including construction, utilities, social housing, energy, water damage and the built environment. With products operational in 15 countries worldwide, clients range from SMEs to major corporate blue chips, with services provided to organisations including the Houses of Parliament.
By turning raw data into valuable data, presented back as graphics, algorithms, alerts, audit trails, dashboards or management reports, clients benefit from online, real-time intelligence from any internet-enabled browser. Developed with the customer in mind, Caption Data’s product offer has been specifically developed to make businesses run more efficiently.
Having invested in the company at seed stage, Prova has supported Caption Data’s continued growth for almost a decade. Exiting the business to Polygon will help to support further global expansion and continued product development.
“We’re extremely proud of the thriving portfolio we’ve established over the past decade,” explained Richard Postins, founder of Prova Investments. “A vibrant mix of companies operating across cleantech, envirotec and the circular economy, our investees are pushing boundaries and pioneering the innovation of tomorrow.
“We’re pleased to have supported the continued growth of Caption Data. Polygon will be an ambitious new owner, with the global reach and resources to further accelerate international expansion.
Paul Sanders, Managing Director at Caption Data commented: “We’d like to thank the team at Prova for their support and guidance over the years. As we start a new stage of our journey with Polygon, we will be able to develop new solutions to support our customers even further.”
For more information about Prova Investments, or the latest additions to its growing portfolio of early-stage businesses operating at the forefront of cleantech, envirotec and the circular economy, visit https://provapr.co.uk/investments/.