Foresight Group and MEIF Invest in The Modular Analytics Company (TMAC)
November 11, 2021
Foresight Group has made a c.£749,000 growth capital investment into The Modular Analytics Company Limited (TMAC), using equity finance from the Midlands Engine Investment Fund (MEIF) as part of a c.£1.5 million funding round. TMAC, a Manchester-based AI and machine learning contact-centre software provider (Fonetik, Playbook and Coach), will use the funding to develop its SaaS platform, make senior hires and consolidate its East Midlands base.
- Buyers
- Foresight Group, Midlands Engine Investment Fund (MEIF)
- Targets
- The Modular Analytics Company Limited (TMAC)
- Industry
- AI & Machine Learning
- Location
- England, United Kingdom
- Transaction Type
- Growth capital
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