IDM secures venture investment led by Acceleris

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Impact Data Metrics (“IDM”), the Liverpool-based technology company, is delighted to announce the completion of a successful equity fundraising to support the continued expansion of the business. Acceleris Capital Limited introduced investment from their community of private investors, ‘Acceleris Ventures’.

The investment will be deployed to support the development and launch of a range of IDM software products that are designed to provide best-in-class knowledge and insight to decision-makers in sectors that include Economic Development, Property, Research and Innovation, and Healthcare.

Neil Murray, Chief Executive, said: “We are delighted to welcome our new investors to IDM at this exciting tim for the company. Our proprietary machine-learning/AI technologies overcome well-known deficiencies in the data sources that currently underpin a lot of the work done in data science.  Our approach offers a step-change  in quality and the  investment will help us to scale the business and accelerate our progress.”

Patrick Molyneux, Corporate Finance Director at Acceleris, said:  “We only work with innovation-based businesses that have venture scale potential, IDM is a great example of this thesis. IDM is setting a new benchmark in how big-data can be used effectively for decision making and we are very excited for this next phase of development.”

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