Highway Data Systems

Highway Data Systems (HDS), a Glasgow-based innovator in automated roadside quality assurance, has successfully secured £1.25 million in funding from the Investment Fund for Scotland, which is managed by Maven Capital Partners and delivered by the British Business Bank.

Summary of transaction details:

• Value: £1.25 million
• Sector: Software & SaaS
• Advisor: None mentioned
• Key Entities: Highway Data Systems (Target), Investment Fund for Scotland (Investor), Maven Capital Partners (Fund Manager), British Business Bank (Deliverer)
• Location: Glasgow, UK (Target)

Note: This investment marks a significant step for HDS, enabling them to scale operations, expand their market reach into the US, and further develop their proprietary hardware, embedded electronics, and software for the road construction and asphalt industries.