
Cyclops Limited
Industry Sector
IT, Software & Media
Deal Type
Development
Date
2004 - 2024
Website Link
http://www.cyclops-uk.com/Established in 2002 with the launch of the original Cyclops GPS Driver Safety System, Cyclops also supplies leading navigation and automotive brands with premium quality, dynamic, software and content services, offering global coverage of safety zones. Millions of users of Cyclops software, databases and devices rely on Cyclops to keep an eye on the road ahead.
How did we help?
Prior to our initial investment, the Cyclops management team had bought the rights to the patented core technology from a large corporate. Our investment was used to further develop the technology, enhance the IP offering and then for rapid growth into the wider ‘navigation’ market.
Result
Cyclops was acquired by the Danish company Ooono A/S in April 2024, achieving a 2.8x return for the East Midlands Regional Venture Capital Fund.