Literacy Capital PLC has announced a new investment in amplify5, a UK-based offshoring company specializing in business function solutions. This investment, which secures a significant minority stake, aims to support amplify5's growth under the leadership of its founder, Alastair Brass. Financial details of the deal have not been disclosed.

Founded in 2021, amplify5 offers tailored offshoring services to various sectors, including customer service, finance, and administration. The company operates from Cape Town, South Africa, and is recognized for its innovative approach to business process outsourcing. Following the investment, Brass will continue as CEO, focusing on organic growth and maintaining a customer-centric service model.

Richard Pindar, CEO of Literacy Capital's Investment Manager, expressed enthusiasm about this being the fund's 25th investment. He highlighted the potential for amplify5 to expand its operations in Cape Town, enhance its capacity, and strengthen its team. Pindar reiterated the fund's strategy of investing in smaller private companies, which they believe offer significant growth opportunities.

Literacy Capital, co-founded in 2017, is an investment trust that focuses on long-term investments in growing private businesses. The fund is structured to be evergreen, allowing flexibility in accommodating the needs of business founders. Additionally, Literacy Capital has a charitable mission, pledging 0.9% of its annual net asset value to support UK literacy initiatives for children, having donated over £10.6 million since its inception.

For more information, interested parties can contact Literacy Capital or visit their website.