Loosemores Advises Drone Evolution on Recent Investment
- 21st December 2018
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The Wales Angel Co-Investment Fund has provided match funding to a syndicate of five business angles investing in the Caerphilly based, Drone Evolution.
This is the first investment from the Wales Angel Co-investment Fund.
The joint investment is the first tranche of a potential £270,000 which will be used to develop the business further.
Drone Evolution hopes to change the way businesses and organisations use drones. The company plans to supply specialised tethered drones as well as develop a state-of-the-art training facility for the sector.
Siôn Tudur led the Loosemores team advising Drone Evolution on the deal.
Toby Townrow, Drone Evolution Co-Founder commented:
“Sion had come to us recommended by our investment coach and we found that he had a great eye for detail. This enabled him to examine the deal closely and ensure that our interests were looked after. We really enjoyed working with Siôn and felt confident after our first meeting that we had someone who would fight our corner if necessary.”
Loosemores is a boutique law firm with in-depth knowledge and expertise, with a particular focus on the SME sector. Our team regularly advises on a range of corporate transactions such as mergers and acquisitions, management buy-outs, debt and equity investments.