Squarcle, a Bristol-based consultancy founded in 2020, has secured a multimillion-pound investment from London-based Phoenix Equity Partners. The company, which specializes in supply chain, procurement, and data services for highly regulated markets, plans to use the funding to grow its workforce, scale its technology offering, and expand into international markets.
Rapid Growth Since Launch
Founded by Gavin Emmerson MBE and Simon Perks, Squarcle has experienced rapid growth over the past six years. In 2022, a former British Army logistics head joined the firm, and the company now counts the Ministry of Defence (MoD), civil nuclear operators, and NATO among its customers. Squarcle employs 140 consultants operating in mission-critical environments.
Investment Details
The investment from Phoenix Equity Partners is expected to support Squarcle's scaling plans without compromising its cultural values and tested methods. Gavin Emmerson MBE stated: "We were looking for a partner who would back our plans to scale and grow without asking us to compromise the very cultural values and tested methods that have powered our success to date. From the first meeting, Phoenix fitted the bill. They asked the right questions, and clearly understood the immense opportunity in the specialist supply chain and procurement sectors."
Richard Hill, investment director at Phoenix Equity Partners, added: "Backing the right people is at the heart of what we do, and in Gavin, Nigel and the broader Squarcle leadership team we have found exactly that – a founder and group of operators who have built something genuinely differentiated from the ground up. We look forward to supporting them as they take the business to its next stage of growth."
Office Expansion in Bristol
Alongside the investment, Squarcle is expanding its office footprint in Bristol. The company is based on the first floor of 31-32 Queen Square, a recently refurbished building, and has agreed a new five-year lease on the second floor. The letting was secured by commercial real estate firm Colliers.
Henry Squier, asset manager at Robert Hitchins, said: "Squarcle’s decision to expand within 31–32 Queen Square is a strong endorsement of both the quality of the refurbishment and the strength of the location."
