$8 Million Capital Round for ActiveNav and Actfore to Drive Innovation in Legal Tech Data Governance and Cyber Incident Management
Reston, VA, USA – Data Discovery Solutions (DDS) Ltd Group announced today the successful completion of an $8 million capital round from Gresham House Ventures, a growth equity investor specialising in software and digitally-driven businesses. The infusion of funds is aimed at fuelling further innovation, expansion, and market penetration for its core divisions ActiveNav and Actfore.
ActiveNav is a leading provider of data privacy and governance software solutions and helps organisations discover, remediate, and manage their data. The business has seen significant expansion in recent years, boosted by the launch of its cloud service in 2023, which enables easier data monitoring and governance. ActiveNav’s software has been adopted by hundreds of leading organisations to help them control sensitive data and support compliance and risk in line with data privacy regulations.
“We are thrilled to embark on this next phase of growth with the support of our investors,” said Peter Baumann, CEO and Founder of DDS Group and ActiveNav. “This capital round reaffirms the market’s confidence in our vision of empowering enterprises to harness the power of their data securely and efficiently. With our new cloud solution, we are poised to deliver even greater value to our customers, enabling them to navigate the complexities of data governance with ease and confidence and ultimately to achieve position of Zero Dark Data (ZDD™)."
Actfore, launched in November 2022, has quickly emerged as a game-changer in the field of data mining for cyber incident response. Leveraging advanced technologies and innovative approaches, Actfore offers unparalleled speed, accuracy, and cost control compared to traditional manual review offerings in the market. Its rapid growth and widespread adoption underscore the pressing need for agile solutions to quickly analyze data compromised during an incident efficiently, effectively, and economically.
We are excited about the tremendous growth opportunities ahead," said Christian Geyer, Founder and CEO of Actfore. "Our vision is to revolutionize the way organizations address data mining on cyber incidents, and this capital round will enable us to accelerate our mission in enabling our clients to step change how rapidly they can uncover the Sensitive Information impacted during the incident in a timely and cost-effective manner.”
The $8 million capital round signifies a major milestone for both ActiveNav and Actfore, demonstrating investor confidence in their innovative solutions and growth potential, and follows previous investments in ActiveNav by Gresham House Ventures in 2019 and 2021. The funds will be instrumental in driving product innovation, expanding market reach, and strengthening customer relationships.
Trevor Hope, chief investment officer at Gresham House Ventures, said:
“We have continued to be impressed with ActiveNav and Actfore’s growth following our previous investments, so we are pleased to be providing further capital at this important stage to drive the next phase of growth for the businesses as organizations’ data governance and cyber incident management needs continue to evolve.”
For more information visit, www.activenav.com and www.actfore.com
About ActiveNav: ActiveNav is a leading provider of data governance software solutions, empowering organizations to understand, clean, and control their data securely and efficiently. With a commitment to innovation and customer success, ActiveNav enables enterprises to navigate the complexities of data governance with confidence.
About Actfore: Actfore is a pioneering venture addressing data mining on cyber incidents, offering advanced solutions that revolutionize the way organizations understand and react to Sensitive Data exfiltration. With a focus on speed, accuracy, and cost reduction, Actfore empowers businesses to quickly respond to regulators and protect individuals impacted during a cyber incident.
About Gresham House Ventures: Gresham House Ventures is an experienced investor providing flexible growth and secondary capital. It partners with exceptional management teams in fast-growing, innovative businesses. www.greshamhouseventures.com