Data recovery company Infinity Wireless Limited today announced £500,000 in venture round funding, led by Mangrove Capital Partners, an early backer of Skype and Wix with additional funding from existing investors Boundary Capital Partners. As part of the investment, Mangrove Partner David Waroquier will join the board.
The UK based software company, which focuses on the development of data recovery solutions for smart devices, will use the funding to enhance product development and innovation, grow the team and drive expansion of the company’s services on a global scale. With their innovative desktop recovery software and first-to-market mobile apps, Infinity Wireless offers a complete data recovery and restore solution for users.
Currently supporting Apple iOS and Android devices, and with plans to extend this compatibility to Windows Phone devices over the coming months, Infinity Wireless is able to provide support for a significant portion of the smart device market. Users are able to recover and restore their data easily and quickly, without the need to send their device away or pay the traditionally high prices of forensic recovery. The significant growth in the device market that is currently being witnessed means that by 2020 there will be a mixture of 8 billion devices and cloud services that Infinity will be able to provide solutions for, directly to consumers and also through B2B partnerships.
“This is a major milestone for Infinity Wireless and one which gives our product, team and market validation from a major global player,” says Lee Parry, CEO and Founder of Infinity Wireless. “We can now rapidly deploy our recovery solutions to the global smartphone and smart device user base which is currently exceeding 3 Billion.”
David Waroquier, Partner at Mangrove commented, “Every minute in the world, thousands of users lose or delete critical data from their phone, and have no idea how to recover them. Enigma is exactly solving this pain. Since it launched its product, Lee and his team have shown remarkable performance. We like the vision of providing an insurance against data losses with an easy to use and frictionless solution. The smart devices and cloud services market is just gigantic and Enigma is the one multi-platform solution that enables quick and reliable data recovery back into those billions of devices.”
Dr Richard Leaver, Partner in Boundary Capital adds, “We are delighted to welcome Mangrove Capital Partners as a significant investor in Infinity Wireless. Mangrove has deep experience and track record in developing technology-led growth businesses to global success. Boundary Capital looks forward to working with David and his team and the exciting future for Infinity Wireless.”