The BGF £4m investment is intended to help the 2011-founded company grow its presence in the public sector market.
According to Skyscape, it is growing at a rate of 20% and its annualised recurring revenue is approaching the £10m mark.
The firm says the BGF funding represents the confidence it has in its business.
“BGF is the ideal investment partner to support the ongoing growth of our market-leading, assured cloud infrastructure business,” claimed the company’s CEO Phil Dawson.
“[We are] singularly dedicated to helping UK government achieve its digital agenda; delivering better, user-centric public services through more affordable and Agile IT,” Dawson added.
The SME claims the shift to cloud computing is a key factor in Whitehall’s ICT strategy and it intends to capitalise on this.
Skyscape has been very vocal on public sector IT issues – in the past, it has banded together with other smaller businesses to write a letter of recommendations to improve G-Cloud.
“It is a young business and one that is growing very rapidly due to its ability to deliver a unique cloud service model to a developing public sector market,” claimed James Austin, BGF investment director.
“Skyscape has been build for significant scale, backed by a proven management team with very impressive track-records and a desire to grow Skyscape in tandem with the government’s policy for wider adoption of cloud-based services,” he added.