Maven invests up to £1.5m in supercomputing technology specialist

Private equity house Maven Capital Partners has invested £1m, with the potential for an additional £500,000 of follow-on funding, in a 3D graphics start-up based at Alderley Park.

ebb3 is a technology services business which provides data intensive 3D graphical applications or computer generated imagery to customers using High Performance Virtual Computers (HPVCs). Its products negate the need for businesses to maintain and run traditional fixed location computer workstations across their organisations.

The funding from the Maven VCTs will enable ebb3 to significantly scale its skilled workforce of product architects and technicians, as well as converting its pipeline of opportunities.

Mark Vickers, chief executive at ebb3, said: “We are proud to have secured Maven’s confidence and investment in ebb3. We were able to demonstrate the benefits of our solutions, which can now be used to help more customers make their business mobile, flexible and streamlined.

“Over the coming months, we look forward to recruiting more talented people to the team and increasing our ability to grow the business rapidly.”

Andrew Ferguson, partner at Maven, said: “We are very excited to be supporting the team at ebb3 in the roll-out of this disruptive technology. ebb3 has a highly scalable business model with the potential for significant expansion and has already been embraced by key integrators. Given the growth we have seen in the wider market, we are confident that the demand for ebb3’s niche solutions will remain strong in the coming years.

“The highly capable management team led by Mark Vickers has over a century of combined experience, a number of whom are market leaders in their respective fields. We have every confidence in their ability to drive the business forward and deliver shareholder value and we look forward to work together over the coming months and years.”