Taylor Wessing advises email management company Mimecast on £13 million investment funding

European law firm Taylor Wessing LLP has advised Mimecast, a holistic email management company, on its £13 million ($21 million) Series B financing from venture capital firms Index Ventures and Dawn Capital. Mimecast plans to use the funding to increase research and development initiatives and continue to build its market presence.

Founded in the UK in 2003 by Peter Bauer (CEO) and Neil Murray (CTO), Mimecast’s cloud based platform extends the capabilities of in-house email systems by incorporating bottomless storage, archiving, eDiscovery, spam/virus protection and continuous availability. It supports a global base approaching 2,500 customers across a number of industries including financial services, legal, manufacturing and the public sector and has offices in Europe, North America, Africa, the Middle East and the Channel Islands.

Corporate Partner Howard Palmer, who led Taylor Wessing's team, comments:

“We are delighted to have completed this deal for Mimecast, which has experienced triple digit revenue growth in each of the last 3 financial years. This round of financing will therefore help it to further build on its market leadership position, making it ideally placed to help thousands of companies realise the savings benefits that cloud computing can bring.”

Bird and Bird advised Index Ventures and Osborne Clarke advised Dawn Capital.


Ends

Lawyers Howard Palmer

Notes to editors

For more information or to speak to Howard Palmer, please contact Rohit Grover or Maria Jennings at Spada:

Tel:      +44 (0)20 7269 1430
Email:   mariajennings@spada.co.uk

Taylor Wessing LLP is a leading law firm providing support for commercial organisations doing business in Europe, the Middle East and China.