Taylor Wessing advises on fundraising double
Taylor Wessing LLP has recently advised on a duo of funding rounds.
Firstly, a team from the firm's Cambridge office advised University of East Anglia spin-out, IM-Sense, on its £1 million funding round from a consortium of investors, co-led by Braveheart, a technology-focused investor, and venture capitalist, IQ Capital. A number of high net worth individuals also participated in the funding. IM-Sense's technology, IM-Vision, enhances digital photographs and videos automatically and the company intend this technology to be incorporated into the software within camera and mobile phones. The funding will be used to introduce IM-Vision to the market and expand its team.
In a second funding round, Taylor Wessing advised Gartmore Investment Limited on its investment in Turbo Power, a leading UK-based designer and manufacturer of innovative power solutions. Turbo Power raised a total of £3 million through the issue of a loan note to institutional and other investors and will use the money to assist in the financing of new and existing product developments. Gartmore currently holds 11.85% of the issued share capital of Turbo Power.
The Taylor Wessing team advising on these funding rounds was led by David Mardle and comprised Susanna Stanfield, Natasha Kirk and Sam Hogrefe.
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Notes to editors
For more information please contact Claire Treacy at Taylor Wessing:
Tel: +44 (0)20 7300 4925
Email: c.treacy@taylorwessing.com
Taylor Wessing's Cambridge office focuses solely on high quality corporate, commercial and intellectual property work for technology rich companies and their investors. Its portfolio of venture capital, M&A, AIM and intellectual property/commercial work is unrivalled in the region, Europe's largest technology cluster.
Taylor Wessing LLP is a leading law firm providing legal support for commercial organisations doing business in Europe, the Middle East and China. Based in Belgium, Dubai, France, Germany and the UK, Taylor Wessing provides the full range of legal services to major corporations and growing enterprises. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services including intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.
