Robust growth for Bristol-based Clue as demand for digitalising investigations grows

South West SaaS company Clue has reported strong quarterly momentum in the first quarter of 2022, as it develops its intelligence platform for investigation and case management.

The Bristol-based firm has won high-profile customers active in the investigation and prevention of human trafficking, economic crime, environmental crime, sports corruption and safeguarding, and was named ‘one to watch’ in TechMarketView’s UK Police Software & IT Services: Suppliers, Trends & Forecasts 2021-2024.

The company attributes its strong growth to a growing demand for software solutions to digitalise investigations.

Clue has a global clientbase including governments, police, private and non-profit sectors. The company’s technology enables organisations to more effectively counter threats including fraud, organised crime, corruption, terrorism and environmental crime.

The firm has reported growth at a CAGR of 90% and has achieved a net revenue retention rate of more than 100%. Following a significant growth investment, the company has welcomed on board seven new customers, increased the size of its team by 17% and expanded its product offering.

Clue’s strong growth suggests a widening market opportunity for investigative technology that facilitates transparency and accountability across industries. 

Clare Elford, CEO of Clue, said: “Our first-quarter growth is testament to the work of our new and existing client partners who are actively driving integrity across their respective sectors.

“Legacy systems and spreadsheets are no longer sufficient to extract value from large volumes of complex data that investigations are increasingly reliant upon. Unified digital solutions offer powerful new opportunities in case management, intelligence and collaboration.

“Clue is committed to supporting the digital transformation of investigations, case management and intelligence and is proud to be playing a valuable supporting role in the incredibly important work of our customers to prevent harm and seek justice. We are investing in the continued development of the Clue platform so that it better serves our customers in making a positive difference.”

Clue recently released the report Counter Fraud in 2022: Navigating the Path to Prevention. Based on a survey of specialists in government and the public sector, the research reveals methods being used across industry to proactively disrupt fraud attempts as the rate of such crimes rises.