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Wiltshire’s Arkivum lands £3m Series C

Arkivum CEO

Data preservation and archiving solution firm Arkivum has announced the closure of a £3m Series C round.

Existing investors IP Group plc, Oxford Capital and Parkwalk Advisors participated in the round.

The money will be used to help the company expand into sectors such as healthcare, life sciences and financial services.

Guy Yaniv, CEO of Arkivum, said: “Everyone at Arkivum is delighted to have secured the latest funding round. This represents a validation of our offering, the company’s business model and plans for strategic expansion.”

Headquartered in Wiltshire, Arkivum, which claims to have secured more than 100 customers, is planning to announce new strategic partnerships over the next six months.

Oxford Capital’s portfolio director Robin Lincoln, commented on the investment: “The entrepreneurial management team at Arkivum have made great progress in recent months as they build out the business into new industry sectors. This funding round will support Arkivum as it continues to introduce its technology to new potential customers.”

The round brings the company’s total amount of funding raised to date to $4.66m.