DWF logo

Search

DWF logo

            DWF advises cloud-based software business on £12m fundraise

            DWF, the global legal business, has advised CloudCall Group plc on its latest fundraising of £12m via conditional placing of shares and additional open offer to existing shareholders to raise a further £0.5m. 

            Date: 22/10/2019

            AIM-listed CloudCall Group plc is a cloud-based software business with offices in the UK, USA and Belarus. Its suite of software products span voice, SMS, instant messaging, desktop and mobile, allowing companies to integrate telephony and messaging capabilities into their existing CRM software.

            The proceeds of the placing will be used to fund customer led growth capital opportunities and strengthen the company's balance sheet. Plans include establishing a new Australian sales office to service the Asia PAC region and launching a partner programme in the USA. 

            DWF's corporate partner Jeremy Swift advised CloudCall on this latest fundraise, alongside senior associate Jemil Visram and solicitors Siobhan Cameron and Eilidh Durkin. 

            Jeremy Swift said: "We’re proud to support CloudCall once again as they continue to develop and expand their business into new areas. Such is the success of the business, this latest fundraise was oversubscribed despite the challenging economic conditions caused by Brexit uncertainty."

            Simon Cleaver, CEO of CloudCall Group plc said: "This is the second fundraise in the space of a year that DWF has supported us with, following our successful £2.4m fundraise in January. We are grateful to Jeremy and the team for their strategic advice and in-depth sector knowledge. We look forward to accelerating the business forward."


            For more information, please contact:
            Nahidur Rahman, Senior PR Manager
            Tel: +44 7851 796943
            Email: nahidur.rahman@dwf.law 

            Alternatively, contact the DWF press office on press.office@dwf.law   

             

            Related people

            Jemil Visram

            • Senior Associate

            We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

            Learn More

            Your Privacy

            When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
            Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

            Functional cookies

            (Required)

            These cookies let you use the website and are required for the website to function as expected.

            These cookies are required

            Tracking cookies

            Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

            They may also be used to personalise your experience on our website by remembering your preferences and settings.

            Marketing cookies

            These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.