Creative UK is excited to announce its investment into award-winning AI research platform, Forestreet. The transaction marks the Creative Growth Finance fund’s first investment into a company using AI to solve a business challenge and marks a welcome expansion of its portfolio sector spread.
Forestreet’s market discovery platform offers corporate customers the opportunity to generate insightful market data without the need for outsourced consultancies. The solution enables users to gain specialist industry knowledge by searching thousands of websites in seconds to provide a curated list of companies and products based on the user’s search criteria.
Forestreet was founded in 2017 by Alex Miller and David Doyle with the aim of enabling businesses to take control of their own research. As a certified B Corp, Forestreet also prides itself on an ethical and accessible approach to business that further strengthens their offer. With this investment, Forestreet will move into the next stage of their growth.
Gab Nardo, Investment Manager, Creative UK, said:
“With this investment into Forestreet, we are excited to support the scale-up of a product with the potential to redefine the way market research is done and backed by a detailed execution plan.
The challenges presented by desktop research are well known to professionals operating in many industries, including investors such as ourselves. The material value that Forestreet’s platform brings to the exercise was immediately evident. We look forward with great excitement to supporting Alex, David, Nok, Nicky and the rest of the team in taking the technology to its full potential.”
Alex Miller, CEO, Forestreet Ltd, commented:
“Forestreet are delighted to have received investment from Creative Growth Finance. Over the last six years we have built an award-winning SaaS solution that revolutionises how market intelligence is delivered – leveraging the latest AI and automation to provide real-time insights on any market to support vendor discovery, investment scouting and due diligence. The funding from Creative Growth Finance will support the next phase of our growth and help us to remain at the leading edge of technology innovation.”
For further information on Creative Growth Finance and the fund’s eligibility criteria please visit www.wearecreative.uk/support/creative-enterprise/investment/creativegrowthfinance
For press and media enquiries please contact Sinead Gosai, Press & PR Manager, Creative UK on +44(0)7874 867947 / firstname.lastname@example.org