An event safety software company that has worked with events including the Cricket World Cup and the Notting Hill Carnival has secured a £750,000 investment from the Midlands Engine Investment Fund (MEIF).
Halo Solutions creates software that connects everyone working on safety at an event, from the control room to emergency services, helping to protect event attendees and organisers.
Mansfield-based Halo provides security for up to 1,400 of the biggest events around the world, also including Silverstone and the Royal Navy Winter Skiing Championships. It says it has protected over 20 million people and has won 12 international awards.
It will use the MEIF funding to grow its technical, sales and operational teams, enabling it to develop its product offering and add more safety features in multiple languages.
MEIF is managed by Birmingham-based Midven, part of the Future Planet Capital Group.
Surjit Kooner, investment director at Midven, said: "Halo represents a business which streamlines venue and event management and increases public safety. The extensive experience of the co-founders at different levels within the police force and at the National Counter Terrorism Police Tactical Support Unit provides an ideal background for developing the cloud-based platform.
“Halo has already secured a high-profile customer base in a market where further legislation changes and pressure on event management companies to prioritise public safety will drive demand for more help. With this investment, Halo will be able to scale up and bring more experience in house to support business development.”
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Lloyd Major, CEO and founder of Halo, said: "The investment marks the start of a new chapter for Halo, enabling us to form a valuable partnership with Midven and the MEIF. The additional finance will help us accelerate our growth by allowing us to expand our team by 200% and further develop the system to incorporate the feedback from clients and deliver new and exciting ideas of our own.
"As we continue towards our goal of leading the world of event safety with our cutting-edge technology, we will be using the funding to implement a new strategic marketing plan and to create high-quality jobs in the Nottinghamshire area and beyond."
Will Morlidge, interim chief executive at D2N2 LEP said: "Our area has a thriving creative and digital industry and I’m pleased to see continued investment by the Midlands Engine Investment Fund into innovative businesses such as Halo which can help drive our economic recovery by creating high-skilled jobs in our region."