Data firm Siccar to boost team after £1.3m backing
Siccar team; Stuart Fraser, Carolyn Jameson and Peter Ferry
Software firm Siccar which has created a platform for the secure sharing of data has received £1.3m from investors to strengthen its product offering and boost its team.
The Edinburgh-based firm’s platform connects organisations with reliable, protected data and has been tested across the Scottish public sector around student support, disability entitlement, and health and social care interaction.
The technology has been used to remove the need to repeatedly provide personal details to multiple government agencies while also bringing benefits to the most disadvantaged in society.
Siccar, originally Wallet Services, was founded in 2016 and benefited from the Scottish government CivTech accelerator which has a focus on SMEs solving the challenges of public sector organisations.
The company has also worked with the National Manufacturing Institute of Scotland and support from The Oil and Gas Technology Centre.With the investment from investment syndicate Par Equity the company will add marketing and customer engagement capability and product and technical resource.
Aidan MacMillan, investment manager at Par Equity, said: “The Scottish public sector alone has over 100 agencies that need to connect in a way that everyone can trust. Covid-19 has accelerated the move towards online eServices around the world and Siccar has the solution they need.”
Peter Ferry, founder and CEO of Siccar, said: “We’ve found a partner with a depth of experience and connections across the industries we’re working in.”
Colin Cook, the government’s digital director, said: “Wallet Services were one of the first start-ups through Scottish Government’s CivTech accelerator which looks to provide opportunities to companies in the GovTech sector via a range of innovative challenges.
“Wallet Services worked with CivTech prepare the “Distributed Ledger Technologies in Public Services” report and I look forward to this new investment giving them the opportunity of competing on an international level.”