Elevare acquires social housing software firm Voicescape as BGF exits and reinvests
What's the deal? Elevare Software GroupDealroom has a profile for this one. Try Dealroom → has acquired Voicescape, a Manchester-based software provider to the social housing and local authority markets. The deal, announced in September 2026, marks BGFDealroom has a profile for this one. Try Dealroom →'s exit from an investment it first made in 2023. Terms were not disclosed.
What each side brings: Voicescape uses behavioural science, data analytics, and automation to help landlords engage residents, identify vulnerable households, improve rent collection, and evidence compliance. ElevareDealroom has a profile for this one. Try Dealroom → backs software and tech-enabled services businesses across the UK and Europe with an AI-first approach.
Who's behind Elevare? The buyer was founded by David Lockie and Elona Mortimer-Zhika, who led IRIS Software GroupDealroom has a profile for this one. Try Dealroom → through its $4 billion recapitalisation — one of Europe's largest technology buyouts at the time.
Why now? During BGF's investment, Voicescape grew its annual recurring revenue 2.5x. The company also gained non-executive chair Dean Dickinson, introduced via BGF's Talent Network, who brought more than 35 years of software industry experience.
What changes? Notably, BGF has not fully walked away. It reinvested alongside Elevare to support further growth as Voicescape enters its next phase.
What they said: "Joining Elevare marks an exciting next chapter," said Voicescape managing director Gary Haynes. "With their backing, we can build on that impact and bring Voicescape to more housing associations and councils."
He added that BGF's reinvestment was "a real vote of confidence in our business and the sector as a whole."
The signal: The deal reflects growing investor appetite for vertical software serving public and social sectors, where compliance and resident engagement are under pressure. BGF's decision to exit and reinvest signals confidence that Voicescape's growth still has room to run under new ownership.
Read more: insidermedia.com
Image credit: Generated with Gemini
