Utelize Mobile (Cohort 2.0) receive multi-million pound investment from BGF

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Accelerate Cohort 2.0 alumni Utelize Mobile have received a multi-million pound investment from London-based investment firm BGF.

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We're thrilled to share some exciting news with you, courtesy of BetaDen Accelerate Cohort 2.0 founders Utelize Mobile.

The Malvern-based company, whose speciality lies in managing mobile and telecommunications  for businesses, having developed an award-winning eSim and mobile network have received a multi-million pound investment from London-based investment firm BGF.

The investment comes as part of a wider commitment on the part of BGF to support high-growth UK businesses with £3 billion over the next five years, with £300 million earmarked for Midlands-based businesses.

Speaking on the investment, Utelize CEO Matt Atkinson stated "We were looking for an investment partner with deep sector experience, a strong value creation offering, and a flexible investment model. BGF fits the bill in every respect, and we’re delighted to be partnering with them.”

We would like to have a huge congratulations to Utelize on receiving such a sizeable investment and we can't wait to see how they harness the funds for their business growth going forward.

To read the original press release from BGF, you can use the link here.