Browne Jacobson’s corporate finance team has advised Growth Intelligence on its successful GBP1.7 million investment round led by private capital investment group 24Haymarket and supported by existing venture capital investment fund MMC Ventures.
As part of the investment Stuart Dawson will join the Board as Chairman, along with Andy Robertson and Martin Brown.
Established in 2013, Growth Intelligence is a technology start-up that offers a software-as-a-service (SaaS) predictive marketing platform to assist B2B sales and marketing teams in analysing existing sales activity and recommending potential sales targets. Current clients include American Express, FedEx, Western Union, iZettle and Vitality Health.
24Haymarket is a premium deal-by-deal investment platform focused on high-growth businesses, investing up to GBP5 million in any particular company. 24Haymarket’s Investor Network includes several highly-experienced private equity and venture capital investors, seasoned entrepreneurs and senior operators.
Thomas Gatten, CEO of Growth Intelligence, adds: “This is a great opportunity to invest on top of our triple-digit revenue growth. Trade is the human super-power, by applying AI to boost trade we are helping companies and economies grow faster.”
Browne Jacobson corporate finance partner Jon Snade, supported by Daniel Thomas, advised Growth Intelligence.
Snade adds: “We are delighted to have used our considerable expertise and experience working with investors and investees in the tech sector to ensure the funding round went as smoothly as possible and secured the necessary investment key to the growth of the business.”
“Interest amongst investors in this latest round is testament to the long term potential many see in the company and the strength of its product offering.”
“The funding will underpin the development and commercialisation of its cutting edge AI platform and support its recruitment strategy. The business has delivered impressive growth in a short period of time and this latest investment, along with the new additions to the senior management team, should ensure further growth and success.”
