Consumer technology business Tactus Group has secured a £40 million investment from British-based Chrysalis to support its plans for global expansion in the gaming and computer sectors.
The investment comes after a period of exponential growth following an initial £12.5m funding round in April 2021, which was led by a £10m investment from Liverpool-based multi-family investment office Arete Capital Partners.
Arete has a strong relationship with Chrysalis. This has now led to Chrysalis’s largest funding round to date and will help Tactus to push forward with its international strategy. Arete will continue to support Scott and the wider management team.
“Our aim is to become the go-to ecommerce group for gaming and computing globally, and this strategic backing from Chrysalis, coupled with our existing relationship with Arete, will be crucial in accelerating that plan.”
“We are absolutely delighted for Scott and the whole team at Tactus. Management has shown tremendous determination to emerge as a global leader in the computing and gaming category and the support of such a high-quality co-investor as Chrysalis is testament to the talent, ambition, and drive of the team. We look forward to working together to deliver the next exciting phase of growth.”
Tactus is a consumer technology expert specialising in the high-growth gaming education and entry level computing sectors. The group holds strong relationships with leading global corporate technology businesses such as Microsoft, Amazon, Intel and Best Buy.
The company was advised by Mike Fletcher and Andy Critchley at Arete. Legal advice was provided by Matt Noon and Elan Lorwerth at Hill Dickinson, Liverpool. Tax structuring advice was provided by Dan Harris from PwC.