Shoosmiths Client YFM Leads £4.5m Series A Fundraising at Panintelligence

December, 2019 - Leeds, England

Data visualisation, reporting and analytics software developer Panintelligence has secured backing from YFM Equity Partners and Comhar Capital in a Series A fundraising, with legal advice from the Shoosmiths corporate team.
The Panintelligence ‘Pi’ suite of software enables businesses to use data in almost any format to trigger bespoke reports, and visualise trends in real-time, helping businesses to lower costs and inform strategic decisions.

The Shoosmiths team, which advised YFM Equity partners, was led by corporate partner James Foster supported by solicitor Sophie Davies, tax partner Kate Featherstone, employment senior associate Andrew Graham, real estate partner Richard Bellamy, commercial associate Lauren Midgley, and trainee solicitor Michael Earnshaw
James said: “We’d like to congratulate Panintelligence on its latest funding and wish it all the success for its future plans. It represents a fantastic forward-thinking technology business which is pushing the boundaries in this sector.
“It has been a cross-collaborative effort across Shoosmiths, compounding our position as one of the UK’s leading VC law firms – and is great to do our first deal with new YFM director Mike Clarke.”

Mike Clarke from YFM and Craig Wilkinson from Comhar Capital will also join the Panintelligence board.
Mike Clarke, investment director at YFM, said: “We quickly saw the value that Panintelligence delivers to its customers through an embedded product. The Pi Dashboard has the potential to be deployed across the globe.
“Panintelligence is exactly the type of high-growth business we want to support and fundraising now makes perfect sense. We are bringing the capital that will enable Zandra, Ken and a first-rate executive board to drive the business forward.”

Panintelligence CEO Zandra Moore said: “We’re immensely proud to have grown from a handful of people into a leading-edge BI software business with international clients.

“This Series A capital allows Panintelligence to take advantage of the huge opportunities we are seeing in global markets, particularly the US. We chose YFM and Comhar as our partners as we felt they shared our ambition to grow the business in the right way to maintain the culture and the brand.”

Originally developed in the credit and banking sectors, the software has a security-first ethos that has proved successful in highly regulated sectors including financial services, healthcare and education. YFM is investing £3.5m for a minority stake, alongside an additional investment of £1m by Comhar Capital. YFM has a track record of backing tech businesses across all sectors in the UK.

Panintelligence software currently has over 200,000 users worldwide across a wide range of industry sectors, from retail and education to local government and healthcare.

dots