The BGF has invested in Belfast-based risk management software business AuditComply.
Existing investor Clarendon Fund Managers, a Northern Irish venture capital firm, will reinvest alongside the BGF.
Financial details were not disclosed.
The investment is the first to make use of a strategic partnership concluded earlier this year between the BGF and technology business First Derivatives. This will see companies backed by the BGF make use of First Derivatives’ expertise in areas including data management and analytics.
Founded in 2014, AuditComply provides software products used by businesses in the engineering, manufacturing, food and logistics industries.
It hopes to use First Derivatives’ analytics expertise to help it develop new software products that its clients can use for up-to-the-minute snapshots of activity in their supply chains.