Maven Capital Partners and the Scottish Loan Fund have invested £2 million in the data management solutions provider Traceall Global.

The business based in Bellshill, Lanarkshire, specialises in the tracking, traceability and monitoring of equipment and assets predominantly in the food and drinks sector.

The SLF will issue a £1.5m loan to provide Traceall with the working capital it needs to fulfil new contracts as part of its expansion. Maven clients have also made a £500,000 investment in the business and Maven will work closely with Traceall's senior management team in raising awareness of its brand and helping it through its next phase of growth. Its clients include Coca Cola Enterprises, Jamie Oliver Group and BT Global Services.