Taylor Wessing acts on £7 million worth of VC funding rounds for hi-tech industry leaders
Taylor Wessing acted on £7 million worth of VC funding rounds for push communication technology leader Skinkers Limited (£2 million) and for Nujira Limited (£5 million), the company leading the development of advanced high efficiency power amplifier technology for the wireless industry. The deals completed on 12 and 26 January, respectively.
Skinkers is using the funding to launch Skinkers Live Delivery Network, an innovative peer-to-peer network which enables both businesses and consumers to receive high quality, digital feeds in real time to their desktops. The majority of the funds have been provided by NewMedia SPARK, a London based venture capital firm.
The Nujira funding round was co-led by current investors 3i and Amadeus Capital Partners. The round included further investment by Cambridge Gateway Fund, Cambridge Capital Group and the Cambridge Angels. Nujira will use the new investment to ramp up the manufacture of its power amplifier efficiency technology to meet customer demand and further commercialise the technology. The funding will also be used to broaden the product range to address a wider market.
Taylor Wessing corporate advisors on both deals were Partner Simon Walker and Associate, Adrian Rainey. Associate Sian Skelton also assisted on the Nujira deal.
Simon Walker commented,
"We are delighted to have advised both of these very exciting companies on their further financing rounds which are a great endorsement of the progress they have made in their respective fields."
Notes to editors
For more information please contact Sheena Lee at Taylor Wessing:
Tel: +44 (0)20 7300 4930
Email: s.lee@taylorwessing.com
Taylor Wessing is a leading law firm providing legal support for commercial organisations doing business in Europe. Based in Belgium, 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.
We are one of the leading firms acting on venture capital related transactions, advising on matters ranging from early-stage investments, subsequent funding rounds, convertible-debt interim investments, through to exits via trade sales or IPOs.
We have a market leading position in fundraising using venture capital, acting for many institutional investors in the technology sector (including some of the largest funds such as Amadeus Capital, Advent Ventures and Cazenove Private Equity) and many companies seeking to raise money from such investors.
Besides our in-depth experience of structuring the corporate and tax law aspects of venture capital transactions, we bring our market-leading intellectual property expertise to bear as a key component in our advice on investments in the information technology, biotechnology, materials/hardware, telecoms and other IP-rich sectors.
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