BGF has announced the exit of its investment in Olive Communications, the Buckinghamshire-based managed cloud communications provider.  

BGF, which invested £10 million of growth capital into Olive in 2016, has exited the business as part of the deal.  BGF’s funding helped the business grow to more than £31 million in annual revenue, pivoting its proposition in 2014 from being “mobile only” to become the UK’s leading cloud communications provider. During this period Olive Communications has become one of Vodafone’s most successful strategic partners and in 2020 it was recognised as Vodafone’s Innovation Partner of the Year.