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Loosemores Advises Technology Start-Up on Recent Investment

QuoteOnSite

QuoteOnSite, a Swansea-based early stage business with high growth potential, has secured £350,000 in an initial seed funding round. Angel co-investor Deri Green invested £200,000 with a further £150,000 of equity coming from the Development Bank of Wales Technology Seed Fund.

Siôn Tudur led the Loosemores team advising QuoteOnSite on the investment.

TJ Amas, co-founder of QuoteOnSite commented:

“Sion and the team at Loosemores helped make, what could be an extremely confusing and stressful process for a first-time investee, a much more manageable process.

The main challenge that comes with running a business alongside fund-raising is the pressure on your already scarce time! If there was any issue that Sion could take off my hands, he did.

If you want solicitors to represent you for your fund-raising efforts, I’d whole-heartedly recommend Loosemores. You’ll find that you get friendly encouragement and friendship as part of the package!”

QuoteOnSite is a platform that streamlines the quote management process for businesses of all sizes. The cash injection from the Development Bank of Wales and Deri Green will help facilitate the company’s growth over the next 12 months.

You can read the full press release here.

 

Loosemores is a boutique law firm with in-depth knowledge and expertise, with a corporate/commercial department which has a particular focus on the SME sector. Our team regularly advises on a range of corporate transactions such as mergers and acquisitions, management buyouts, debt and equity investments.

Please contact Senior Partner, Mark Loosemore, or fellow Partner, Sion Tudur to find out more.

Email: commercial@loosemores.co.uk

Telephone: 029 2022 4433

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