Bdaily secures six figure investment to fuel national expansion

Pictured, John Duns, NET business development director; Durham County Council Councillor Joe Quinn; Rebecca Minchella, Maven investment manager; and Pete Mallon, NET creative and managing director

Bdaily
www.bdaily.co.uk

Digital media business Bdaily is set to expand nationally after securing six-figure investment from Maven Capital Partners through the Finance Durham Fund, established by Durham County Council and overseen by Business Durham.

The investment will accelerate a UK-wide growth strategy, which will see Bdaily strengthen its presence across multiple regions.

It will also see the publisher – which sits within multi-platform media group NET’s wider house of brands – expand its workforce and move to a soon-to-be-announced office in Aykley Heads, as part of the Durham Innovation District.

Founded in the North East nearly 20 years ago, Bdaily was acquired by NET in 2024.

Its experienced journalism team publishes high-quality, multi-sector news stories, feature articles and thought leadership editorials to a national audience that includes a 55,000-plus-strong email subscriber community.

That focus is complemented by client self-publishing campaigns, which allow more businesses to utilise Bdaily’s platform and reach in a unique way.

The investment will also boost Bdaily’s support – delivered through marketing experts and events professionals – for NET’s wider high-level campaign agenda, which includes the North East-focused VISION 31 investment summit and the recent publication of a white paper focused on supercharging devolution opportunities in the region.

Pete Mallon, NET managing and creative director, said: “We’re delighted to have secured this investment, which will allow us to deliver a step-change in Bdaily coverage across the UK.

“This backing will supercharge what we do best – high-quality and engaging business journalism, distinctive design and photography and impactful executive-level events – and take it to more regions, more audiences and more partners.

“With Maven’s backing, we’re well placed to accelerate our growth and build Bdaily into a truly national publishing brand.”

John Duns, NET business development director, said: “This is very good news for regional business across the UK.

“For some years now, the level of regional business-to-business news, information and opinion has been in decline and this has made it harder for companies and organisations to get messages out to chosen markets.

“This investment will allow Bdaily to help these businesses in a meaningful way, while also supporting economic growth.”

Rebecca Minchella, Maven Capital Partners investment manager, said: “Bdaily offers a clear differentiator of high-quality business-to-business journalism delivered by its rapidly expanding digital presence.

“The opportunity for it is huge and, coupled with the expertise developed from the success of NET, the team is well placed to expand Bdaily nationally while continuing to protect the editorial quality that underpins the strength of the brand.”

Councillor Joe Quinn, Durham County Council’s cabinet member for planning, investment and assets, added: “This investment is a clear signal of Durham’s growing influence as a driver of regional economic leadership.

“Through initiatives like the Finance Durham Fund, we are not only supporting ambitious businesses to scale, but also attracting organisations that will strengthen our economy and extend our reach far beyond the North East.

“Bdaily’s expansion demonstrates the confidence that innovative, high-growth companies have in the support, infrastructure and opportunities available here.

“By backing businesses with national ambitions, we are reinforcing Durham’s position at the forefront of investment, innovation and sustainable growth across the region.”

The Finance Durham Fund is part of Durham County Council’s strategy to deliver economic growth across Durham by supporting local ambitious and entrepreneurial businesses that need access to the funding they require to grow.

The Fund provides flexible equity, debt or mezzanine funding packages from £150,000 to £2 million for early-stage and established businesses, investing across all sectors.

It is available to companies which are based in, or relocating to, the county at the time the investment or loan is made.