Byhiras, a company designing a data system to monitor fund managers’ fees and charges for the UK’s £275bn Local Government Pension Scheme, has raised £1.6m from its backers to help ensure it has enough capital to continue as a going concern.
The company made a £2.4m loss last year, adding to several prior years of losses, according to accounts for Byhiras (Europe) Ltd, filed at the UK’s Companies House agency earlier this month.
