Biosite
A provider of biometric access control and software-based workforce management systems
The Business
Biosite’s unique fingerprint algorithm has simplified the way the construction industry controls site access; workers can be identified by even a low-grade fingerprint. And, because Biosite understands how powerful the data it collects on its access control platform are, it also developed a software-based workforce management system that offers integrated CCTV, fire alarms and guarding.
The Deal
We identified Biosite through our direct origination programme and since then we have invested a total of £5.75m to accelerate growth. Before our investment, the company hadn't raised any external capital.
The Plan
Biosite aims to be the complete site management tool of choice for the construction industry. This funding is being used to grow the team so they can develop new innovative site-management tools, which will mean managers can oversee all aspects of a project.
“This is an exciting time for Biosite; we had a number of investment offers, but in Mobeus we believe we have found the right partner. We are looking forward to working together to capitalise on our growth opportunities.”
Li Wang
Biosite, Founder & MD
The team behind the investment
Amit Hindocha
Investment Partner
(Growth Team)
Investment lead / On the board
