Founded in 2011, XCD has grown to have over 30,000 users across 35 countries benefitting from its range of Salesforce powered services. Headquartered in Bristol, the tech innovator has a growing workforce of more than 70 employees delivering world-leading, single solution HR and Payroll solutions for clients spanning not-for-profit, private and public sectors.
We are extremely excited to be partnering with BGF with this investment. It not only means our plans are funded, but also gives us validation that an investor with a reputation such as BGF’s believes in what we have achieved up to this point.
It was clear to us from the outset that BGF was a great match given the team’s extensive experience in the tech sector. We felt they could clearly see what we are trying to achieve in building on the momentum we have created as the UK’s only HR and Net Payroll solution on the Salesforce platformSimon Fowler, CEO
Business funding insights
A decade of hard work coming to fruition? Just look at our investments and exits
Far from slowing down as a result of the coronavirus pandemic, BGF’s investment activity has stepped up both in pace and volume.
Exit strategies: how to get the timing and valuation right
More than 100 BGF-backed businesses have achieved exits. Our panel of experts discuss the exit strategies that are proven to succeed.