Price Bailey Strategic Corporate Finance has succeeded in raising more than three quarters of a million pounds in investment funding for three separate clients during the first quarter of 2015.
The funding for the three companies; data management analytics software company Meniscus Ltd, video analysis company SeeQuestor Ltd and intelligent pipeline monitoring specialist Syrinix Ltd, was secured from members of the Price Bailey Investor Community and ranged from £10k up to £200k.
Price Bailey was instrumental in overseeing the entire fundraising process from identifying investors and opportunities through due diligence to negotiating the terms of the investment.
“One of our distinguishing capabilities is to work closely with both parties – enterprises seeking funding as well as with potential investors – to help secure a mutually beneficial partnership,” said Stephen Reed, Corporate Finance Partner at Price Bailey. “In some cases we have been working with the fundraising company to advise on their growth strategy and this funding process is part of that plan. Equally we are able to provide ongoing advice to investor clients on relevant tax planning, including SEIS and EIS.”
“As our customer base expands, we are looking to deliver more services to customers outside the UK and using our applications to develop new markets and opportunities,” said Mike Everest, Meniscus founder and Managing Director. “Price Bailey was able to quickly understand our business opportunity and needs before introducing suitable investors to supply the funds to enable our planned expansion.”
“SeeQuestor was founded last summer to help police solve crimes and save lives by finding and tracking people in large quantities of CCTV data. We are now at the stage of completing the software development prior to rolling out our video analysis platform to a wider audience next year,” said Chief Executive Henry Hyde-Thomson. “Price Bailey’s assistance sourcing investors and funds will help enable us to swiftly move forward with our implementation plans.”
“The funding will enable us to further develop and expand our offering into new markets and territories,” said James Dunning, Chief Executive of Syrinix. “Price Bailey became involved late into our funding round yet was quickly able to introduce suitable investors from their network.”