The £130m Investment Fund Wales has made its second equity investment

The £130m Investment Fund for Wales(IFW)has made its second equity investment backing the growth plans of data analytics business Assured Insights. The IFW’s £50m equity element is funded managed by Foresight Group on behalf of the UK Government’s economic development the British Business Bank.

As part of the investment Assured Insights is establishing a new office in Cardiff at Tramshed Tech, where it is establishing a data engineering hub. The value of the investment has not been disclosed, but also includes backing from the British Business Bank’s Midlands Engine Investment Fund, which has been fund managed by Foresight since 2018.

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The Midlands Engine funding element is being deployed as Assured Insights, which is headquartered in Stockport, also has an office Nottingham.

The tech company has developed DataWorks which supports its clients in consolidating siloed data from business systems into a