- Phoenix will partner with Logiq’s founders, including James Morgan, CEO
- Logiq is the third investment from Phoenix’s 2022 Fund
- Phoenix Equity is a UK growth-focused private equity firm
Phoenix Equity Partners has made a growth investment in Logiq, a UK-based cyber security company. No financial details of the transaction were disclosed.
Logiq is based in Bristol. Its market is growing at a rate of 20 percent per year, and its revenue has increased by a CAGR of over 60 percent since 2021, according to a release.
Phoenix will partner with Logiq’s founders, including James Morgan, CEO, to support Logiq’s growth plans.
Phoenix will assist in enhancing Logiq’s operational platform, further investment in the DISX offering, and support expansion into new end-markets, the release said.
“The UK’s public sector cyber security threat is well documented, and Logiq is playing a critical role in safeguarding the UK’s national digital infrastructure,” said Tim Dunn, partner at Phoenix.
Logiq is the third investment from Phoenix’s 2022 Fund, following investments in 4most, a risk analytics and modelling services provider, and Dufrain, a data analytics business.
Phoenix Equity is a UK growth-focused private equity firm. The firm is based in London and has invested more than £1.3 billion in over 55 companies.