Technology business Intelligence Fusion has broken through its £400,000 target and has gone on to raise over £486,000 to further develop its online global intelligence and risk management system.

This represents an early success for the new partnership between Growth Capital Ventures (GCV) and Crowdcube, an extension of GCV’s groundbreaking investment model which allows retail investors from the general public to invest alongside experienced and sophisticated investors and financial institutions.

The success of IF’s fund raising coincides with the Chancellor’s Budget proposals to stimulate investment in high growth businesses by attracting £20bn of new investment.