Technology Growth


Zouk’s Technology Growth team helps commercially proven technology companies to accelerate growth, increase market share and create value – while delivering scalable social and environmental impact in the process.

We work in close alignment with top-tier management teams, bringing value-add and market access through decades of experience in technology, C-level operations and investment management and an unrivalled network in Europe, Middle East, Asia and Africa.

We develop close partnerships with our portfolio companies to support them in achieving their growth and expansion plans and are chosen by entrepreneurs for our collaborative approach and extensive network of business influencers in their target geographies and industries.

By bridging the funding gap for growth capital and employing a rigorous data-driven investment process, we capitalise on the most compelling risk-adjusted opportunities in the technology investment landscape.

Technology Growth Portfolio
  • iZettle
    iZettle’s payment solutions make running a business easier

    Geography: Sweden

    About iZettle
    iZettle is on a mission to help small business succeed in a world of giants.

    Founded in Stockholm in 2010, the financial technology company revolutionised mobile payments with the world’s first mini chip card reader and software for mobile devices.

    Today iZettle’s commerce platform for small businesses in Europe and Latin America provides tools to get paid, sell smarter and grow your business.

    In May 2018, iZettle agreed to be acquired by PayPal for $2.2bn.

  • Readly
    The ultimate digital magazine subscription

    Geography: Sweden

    Readly is a service that provides users with unlimited access to digital magazines for a flat monthly subscription.  The service is provided via an app for mobile devices and is available in 49 countries with content from 8 countries.  Currently there are over 1,000 titles available through the platform.  For publishers, Readly represents both additional reader revenues and deep insights into reader behaviour.  Formed in 2012, Readly is headquartered in Sweden with offices in the UK and Germany.

  • Taulia
    Taulia is the fastest growing SaaS platform and network for Supplier Financing, e-Invoicing and Supplier Portals

    Geography: USA

    Taulia delivers working capital solutions that make it easy for businesses to free up cash, accelerate payments, and improve supply chain health.

    Since founding in 2009, we’ve envisioned a world where every business thrives by liberating cash. Today, our game-changing technology powers a network connecting 1.5 million businesses across 168 countries and has accelerated more than $80 billion in early payments.

    Using our AI powered platform, businesses now have the option to choose when and how to pay and get paid. It sounds simple, but our painless process provides both buyers and suppliers the chance to skyrocket their cash - cash to fuel economic growth all over the world. It’s win-win for everybody.

  • Workable
    All-in-one recruiting software for ambitious companies

    Geography: Europe / US

    Workable develops tools to help companies recruit talent. It’s core product is a cloud- and mobile-first applicant tracking system (ATS) that helps manage the recruitment process from start to finish, including job postings, candidate screening, interviewing and selection. In addition, Workable has developed proprietary AI-enabled sourcing tools to help companies find the best talent. With this product they aim to disrupt the recruitment agency business by automating the core functions of this $270bn+ market.
    Workable is based in London, Boston and Athens and was founded in 2012.

  • va-Q-tec
    va-Q-tec is a manufacturer of high performance insulation materials

    Geography: Germany

    va-Q-tec AG designs and manufactures customised vacuum insulation panels (VIPs) and heat & cool storage elements containing phase change materials (PCMs). These products have multiple applications, in particular where space is limited and an excellent thermal insulation is required.

    va-Q-tec has won numerous awards for its VIP technology and holds more than 30 active patents, with many worldwide patent applications pending. The company's headquarters are located in Wuerzburg (Germany) and further facilities have been established in Koelleda (Germany), Rochester (UK) and Seoul (South Korea). va-Q-tech has more than 130 employees worldwide.

    va-Q-tec IPO'd on the Frankfurt Stock Exchange in September 2016 and Zouk partially exited its stake.

  • Off Grid Electric
    Off Grid Electric is one of the world’s most scalable “solar energy as a service” company.

    Geography: Tanzania
    Website: Off-Grid Electric

    Off Grid Electric (OGE) is one of the largest providers of solar energy services to off-grid residential customers in Sub-Saharan Africa. In Tanzania alone, the company addresses over 9 million people who are not connected to the national electricity grid – and have limited prospects of getting connected due to the costs and logistical issues involved in hard-line infrastructure. Located in Tanzania, the company has developed a proprietary solution using solar photovoltaic (PV), light emitting diode (LED) lighting, batteries, power management and e-payments, which enables households to switch from using kerosene to solar as a primary energy source for lighting and other services. OGE’s systems are provided free of charge to households, funded by Zouk and other investors, and customer pre-payments are made using M-Pesa’s mobile money system, which ensures simple, low-cost revenue collection.   The distributed energy model negates a requirement for a grid connection and can significantly change the wellbeing of each family as the systems are installed on millions of households across Africa.

    SIGFOX enables the full potential of the Internet of Things to be realized

    Geography: France

    SIGFOX is the premier provider of dedicated cellular connectivity for Internet of Things and Machine-to-Machine communications. The company’s network complements existing high-bandwidth systems by providing economical, energy-efficient two-way transmission of small quantities of data, thus lowering barriers to wide implementation of IoT and M2M solutions, and greatly extending the battery and service life of connected devices. SIGFOX's global network is deployed through the SIGFOX Network Operator™ partnership program, with more than 2 million square kilometers already covered. The company is headquartered in Labège, France, and has offices in Mountain View, Calif., and Madrid, Spain.

  • Anesco
    Anesco is one of the UK's leading energy efficiency companies

    Geography: UK

    Anesco provides energy efficiency implementation, management and consultancy services for residential and commercial markets in the UK. Anesco is addressing the large and growing demand in the UK’s energy efficiency and micro-generation industries.

    The company covers a full range of energy efficiency measures, including building insulation, renewable energy (e.g. heat pumps, solar thermal, solar PV) and full-scope commercial solutions (e.g. audit, implementation and consultancy). Anesco provides homeowners, local authorities and business with a full-service offering of installation, ongoing monitoring and, for commercial clients, energy services and contracting. Zouk led the investment in Anesco alongside Scottish and Southern Energy, the UK’s second largest energy utility.

    In 2013, Zouk sold the fund's holding in Anesco.

  • The Mobility House
    The Mobility House provides charging systems for the high growth e-mobility market

    Geography: Germany

    The Mobility House aims to promote the transition to renewable energy and facilitate an emissions-free future. With The Mobility House’s innovative charging and energy storage solutions, electric mobility becomes part of the energy solution.

    Using The Mobility House’s proprietary technology, aggregates of stationary and electric vehicle batteries are optimised for balancing the electricity grid and providing energy management services to customers. The Mobility House was founded in 2009 and supports leading car manufacturers in over 10 countries throughout the world from its locations in Munich, Zurich and San Francisco

  • ip.access
    Leadership and Expertise in small cell solutions for 2G/3G/4G

    Geography: United Kingdom

    Headquartered in the United Kingdom, ip.access has been creating and deploying small cell solutions for more than ten years. The company has products and solutions live in over 100 customers networks around the world, with the capability to accelerate the introduction of additional small cell solutions into those networks irrespective of use case, technology or deployment model.

    The company's success is built upon its ability to provide its Service Provider customers with a range of small cell coverage, capacity and presence solutions across all technologies (2G, 3G, and 4G), with a focus on a rapid return on investment and the ability to open up new markets and revenue streams.

    The company has an end-to-end deployment philosophy that integrates the small cell access points with converged access gateways and comprehensive network management and performance tools; as well as a strong track record of working with trusted partners on integrated solutions.

  • Huddle
    Huddle is a leading cloud-based content collaboration platform for enterprises

    Geography: UK

    Huddle is a secure cloud collaboration service that enables enterprise and government organizations worldwide to securely store, access, share, sync and work on files with everyone they need to - regardless of whether they are inside or outside of an organization's firewall. Co-headquartered in London and San Francisco and with offices in New York City and Washington D.C., Huddle's customers include 80 percent of Fortune 500 and 80 percent of UK government departments, as well as companies such as Kia Motors, Williams Lea, Driscoll’s, Unilever and P&G. The company is privately held and backed by leading venture capital firms in the US and Europe.

  • Cyphort
    Cyphort is rethinking advanced malware defence

    Geography: USA

    Cyphort is an innovative provider of Advanced Threat Protection solutions that deliver a complete defense against current and emerging Advanced Persistent Threats, targeted attacks and zero day vulnerabilities. The Cyphort Platform accurately detects and analyses next generation malware, providing actionable, contextual intelligence that enables security teams to respond to attacks faster, more effectively, and in as surgical a manner as their attackers. Cyphort’s software-based, distributed architecture offers a cost effective, high performance approach to detecting and protecting an organization’s virtual, physical and cloud infrastructure against sophisticated attacks. Malware detection for Windows, OSX and Linux allows businesses to extract maximum value from IT assets without compromising the security of an organization. Founded by experts in advanced threats from government intelligence agencies and premier network security companies, Cyphort is a privately held company headquartered in Santa Clara, California.

  • Space-Time Insight
    Space-Time Insight is a leading supplier of situational intelligence solutions

    Geography: USA

    Space-Time Insight transforms vast quantities of disparate information into intuitive visual displays that businesses can use to make informed real-time decisions. From traditional transmission, communications and transportation networks to Smart Grids and Cities, its next-generation situational intelligence solution is making critical infrastructure smarter, safer and more reliable. With Space-Time Insight, enterprises can visualize and analyze their resources across location and time, rapidly respond to disruptions in service, and lower risk while increasing customer satisfaction and profitability. Major organizations around the world rely on Space-Time Insight’s high performance software to gain actionable insights into their businesses and make real-time operational decisions. Space-Time Insight partners with leaders in the industry including Accenture, EMC, Esri, IBM, OSIsoft, and SAP.  Space-Time Insight is based in San Mateo, California.

  • Trilliant
    Zouk has supported Trilliant’s expansion into the European smart grid market

    Geography: USA

    Trilliant provides intelligent network solutions and software to utilities for advanced metering, demand response, and Smart Grid management.

    Trilliant Incorporated is a leading global provider of smart grid solutions that incorporate intelligent networking and enterprise software to transform the way electricity, gas and water are managed, monitored and consumed.

    The company’s SecureMesh suite of communication products and related offerings provide utilities with an integrated grid platform that forms the backbone of a Smart Grid, enabling a wide range of advanced automation capabilities. The company’s end-to-end secure Internet Protocol -based networking system offers unmatched flexibility, scalability, and future proofing and can be custom tailored to address the grid automation needs of its customers, from the world’s largest investor owned utilities to small, rural utility cooperatives.

    To date, Trilliant has successfully deployed its smart grid solutions to over 200 utility customers across North America and Europe, automating over 1.5 million endpoints in a wide variety of geographies, densities, and applications.

  • Solarcentury
    Solarcentury built the largest solar bridge in the world at Blackfriars in London.

    Geography: United Kingdom

    Solarcentury is one of the most respected solar companies in the world. Founded in 1998, Solarcentury has been around since the early days of the solar industry and has been part of the evolution that has made PV the attractive investment it is today.

    Solarcentury works with investors to develop, build and run solar farms. It works with businesses to finance and install solar rooftops and with retailers, utilities and social housing providers to run solar programmes for homes. Solarcentury’s business is global and growing, with offices in the UK, The Netherlands, South Africa, Kenya, Ghana, Panama, Mexico and Chile.

  • Lighting Science Group Corporation
    Lighting Science Group is at the forefront of the high growth LED lighting market

    Geography: USA

    Lighting Science Group Corporation (LSG) designs, manufactures and markets Light Emitting Diode (LED) lighting solutions that are more energy efficient than traditional lighting products. By applying the science of light, the LSG team is leading the way to deliver on the promise of LED technology for indoor and outdoor lighting projects.

    LSG offers retrofit LED bulbs which are compatible with traditional lamps; they are a bestselling product in Home Depot stores. In addition, the company provides LED lights for a range of commercial and infrastructure applications. LSG's Advanced Products Group designs, develops and manufactures LED lighting solutions for novel applications including intelligent lighting, biological and agricultural lighting applications and customized architectural products.

  • SiC Processing
    SiC Processing provides recycling services to the solar and other semiconductor industries

    Geography: Germany

    The recycling technology developed and provided by SiC Processing allowed for the multiple use of silicon carbide and polyethylene glycol in the solar PV wafer manufacturing process. SiC’s service provided immediate cost benefits by displacing the silicon wafer manufacturer’s requirement to purchase virgin silicon carbide slurry.

    Zouk sold the fund's holding in SiC Processing in 2012.

  • OZZ Electric Inc
    OZZ Electric is the preferred energy efficiency and electrical contractor for major project developers

    Geography: Canada

    OZZ Electric Inc. (“OZZ”), based in Toronto (Canada), is a full-service energy efficiency and electrical contractor that specializes in large scale design and build projects.

    The company has extensive experience installing core electrical wiring, power systems, communications and cabling equipment, and renewable energy systems in residential, commercial, industrial and utility scale structures. The company also provides comprehensive project design and management services, as well as customized service and maintenance packages.

    In partnership with OZZ Solar, the company offers commercial customers installation services for energy efficiency and solar technologies. Zouk’s investment will support OZZ’s continued growth driven through its contracting business, which is focused on solar installation, building management systems and smart meter rollout.

    In 2015, Zouk sold the fund's holding in OZZ Electric.

  • Nanotron Technologies
    Nanotron’s proprietary microchips are chosen by major electronics producers for their low power consumption

    Geography: Germany

    Berlin-based Nanotron Technologies developed a proprietary energy efficiency technology focused on ultra-low-power Real Time Location Systems applications using active RFID.

    Nanotron provides reliable loss protection technology which is used predominately in mining and agricultural applications. Energy efficient, battery powered nodes are the key building blocks. Robust wireless chirp technology underpins Nanotron’s offering of chips, modules and loss protection software for indoor and outdoor environments worldwide.

  • Orb Energy
    Orb Energy’s cost-competitive solar thermal products are designed for emerging markets

    Geography: India

    Orb Energy is a leading retailer and installer of solar technologies in India.

    The company’s main activities are the sale, installation and servicing of solar PV and solar thermal systems. Based in Bangalore, India, the company was established in 2006 to meet the growing demand for reliable and clean power in rural and semi-urban locations at the residential and commercial scales.

    With Zouk's assistance, Orb Energy built an unrivalled sales network across India which provided high quality delivery, installation and after-sales service. To meet local demand for affordable solar systems, Orb established manufacturing lines to assemble their unique products in India. The company developed strong relationships with regional banks to provide financing packages which aided proliferation of solar in the region.

    Zouk sold the fund's holding in Orb Energy in 2012.

  • GTE

    Geography: USA

    Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. Zouk exited GTE when it was sold to Wood Group PLC in 2011.