Midlands Engine Investment Fund II Supports CompuWeb with £500,000
Added by Love Business East Midlands | 29 April 2025
UPDATED: 29 April 2025
CompuWeb Communications Services Ltd (“CWCS”), a Nottingham-based provider of managed cloud hosting and data centre services, has secured a £500,000 debt finance investment package from the British Business Bank’s Midlands Engine Investment Fund II via Fund Manager for the East and South East Midlands, Maven Capital Partners (“Maven”).
The funding will support the company’s ambitious expansion plans in the rapidly growing colocation hosting market.
Founded in 1999 by Karl Mendez, CWCS provides cost-effective IT hosting services via its own physical dedicated servers and cloud-based platforms. The company operates from its own data centre in Nottingham and leases space in facilities across Manchester and London, as well as maintaining a presence in North America.
The business is also committed to sustainability, with its Nottingham data centre designed for energy efficiency, featuring advanced cooling systems and a Power Usage Effectiveness (PUE) rating of 1.15. All hosting solutions are powered entirely by 100% renewable energy.
CWCS serves a diverse client base, including SMEs, large corporates such as Hillary’s Blinds and Jonas Sports, part of Constellation Software group of companies, and public sector organisations including the NHS and Cornwall Council.
The funding will enable CWCS to expand its colocation hosting services, offering businesses dedicated space in a data centre to house its IT infrastructure while benefiting from professional management and security. The company recently acquired a new property in Beeston to expand its data centre footprint, supporting its strategy to meet growing demand from SMEs and larger clients alike.
The company’s expansion aligns with broader trends such as the rise of edge computing and increased demand for environmentally responsible hosting.
Karl Mendez, CEO of CWCS, said:
“We are seeing increasing demand for colocation hosting, driven by businesses seeking flexible, cost-efficient, and energy-conscious solutions for their IT infrastructure. This funding from Maven and the Midlands Engine Investment Fund II allows us to accelerate our growth in this space, enhancing our capabilities while maintaining our commitment to outstanding customer service.”
Jonathan Lowe, Partner – Regional Debt Funds at Maven, said:
“CWCS has built a strong reputation for high-quality hosting services, underpinned by a commitment to security, reliability, and customer focus. With colocation hosting representing a significant growth opportunity, this funding will support the company’s strategic expansion while enabling more businesses to benefit from its expertise. We are pleased to support Karl and his team as they scale up their operations. We would also like to thank Maria Smith at The CFO Centre, whose introduction facilitated this partnership.”
David Tindall, Senior Investment Manager at British Business Bank, said:
“The Midlands Engine Investment Fund II supports the region's small businesses with high growth potential, helping them access the right type of finance for their business needs. This investment will fuel the company’s expansion, broadening its offerings and driving positive economic growth both within the Midlands and across the wider region.”
