BGF backs Recite Me for future growth with follow-on funding

BGF has committed a further £4.6 million to support Recite Me in its ambitious growth strategy.

Based in Gateshead, Recite Me is a website accessibility software business that provides pioneering assistive technology. It removes online obstacles for those with disabilities, visual impairments, learning difficulties, and the population of older age, as well as those who speak English as a second language.

Recite Me has secured follow-on investment from BGF, to help drive international growth and expand its product offering, to become an end-to-end online accessibility specialist.

The follow-on funding signals the start of an exciting new growth phase for Recite Me, as it looks to expand its accessibility offering. The additional equity funding takes BGF’s total investment in Recite Me to £8.8 million.

Commenting on the deal, BGF investor John Healey said: “Since 2012, Ross and the team have built up a strong reputation as leaders in website accessibility software in the UK. The market potential is vast, however, with 98% of the world’s websites having accessibility issues.

“The follow-on funding will enable the team to strengthen their position in this exciting and attractive market, while investing further to develop their industry-leading technology that, to date, has had a fundamental impact on the lives of millions of people across the world.”