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

22 October 2019
Central processing unit
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. 
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   


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