RJS Solicitors advises Igloo Vision Limited on additional investment
RJS’ client Igloo Vision Limited, a British based technology company, has obtained £435,000.00 of funding under the UK Government Enterprise Investment Scheme. RJS’ Jennifer Kelly advised and represented Igloo Vision Limited.
Jennifer Kelly, the Head of the RJS Corporate Team, comments,
We are delighted to have assisted our client during its further fundraising. Like many financing transactions, the process was challenging, not least because the parties had to work remotely because of the Covid-19 ‘distancing’ measures. The manner in which all parties overcame these challenges whilst maintaining high standards and delivering upon the client’s expectations was exceptional.
The successful completion of this fundraising should remind us that, while the economic landscape may be difficult, there are many financing opportunities for clients, no matter their sector.
This fundraising round, which closed on 5th April 2020, secured investment from Mariana UFP LLP under its Growth EIS Fund. The remaining investment was secured from existing investors, including the Midven managed by Greater Birmingham EIS fund and Frontier Development Capital.
Dennis Wright, CEO of Igloo Vision, says, “The fact that we were able to secure the investment in the midst of the Coronavirus crisis demonstrates the strength of the Igloo proposition. Our investors were particularly impressed by how we continued to get the Igloo message out, develop our solutions and sign-up new business. As the crisis recedes, we will be in a strong position to resume our growth story”.
For enquiries please contact James Butcher on 01782 646320.