Quva, based in the North-East of England, offers a software platform that aims to help private equity firms, venture capital funds and angel investment networks currently manage the end-to-end investment process.
The platform looks to streamline the way alternative investment managers originate, transact and monitor their investment portfolios.
Established by FCA-authorised investment company Growth Capital Ventures (GCV), and developed within its venture builder division G-Labs, the software as a service (SaaS) business looks to deliver a highly customisable, scalable and intuitive platform for alternative investment professionals.
At present, alternative investment managers such as VC funds, private equity firms and angel investment networks typically use a combination of third-party software solutions and in-house manual processes, which can prove time-consuming.
Quva will be led by a sector-focused team that brings combined experience in building software for investment enterprises, with growth plans to create over 30 new roles over the next three years.
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“Venture capital and private equity is a critical source of investment for the high growth businesses that drive innovation, job creation and economic growth,” said Craig Peterson, co-founder and chief operating officer at GCV.
“Our purpose is to help alternative investment managers drive efficiency and support value creation across the whole investment lifecycle, from deal origination, through to portfolio management and exit.”
Tony Short, project lead at Quva and programme director at GCV, commented: “Quva is a powerful software product built by investment professionals for investment professionals.
“The project team has built several bespoke software solutions for the fintech and alternative investment sector already, so this experience combined with the industry knowledge of the GCV investment team has been instrumental in the development of such a powerful software-as-a-service solution.”
Phil Docherty, head of sales and marketing at Quva, added: “Our clients want a software solution that is intuitive, highly configurable and highly customisable.
“It’s essential that we can quickly tailor Quva to meet our client’s exact needs and integrate seamlessly with their current business processes and workflows. The team has developed a software-as-a-service solution that allows us to achieve just that.
“This is an exciting time for the alternative investment sector, and digital transformation is playing a critical part in supporting this thriving ecosystem. Our expertise and experience mean we are well placed to help our clients use technology to drive positive change.”