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We were delighted to work with Geospock recently to help them close a funding round to raise £12m in their latest growth strategy. Read the full case study here.
GeoSpock is an extreme-scale spatial big data platform company that provides analytics, visualisation and builds insight for four main verticals: location based mobile advertising, telecommunications, connected cars, and smart cities.
When we were approached by Geospock, they were in the middle of a funding round to provide additional expansion capital and the leadership team needed an FD who was experienced in managing funding negotiations.
A Numitas finance professional was engaged on a part time basis to lead a Series A funding round and to help shape the process, create materials and provide commercial advice on the business plan. The client successfully closed that Series A round raising £12m.
Richard Baker, CEO of Geospock said of the engagement: ” Our part time FD was held in high regard by all our investors building trust and confidence during the raise process, completion, and all the surrounding communication and corporate governance activities, which can often be overlooked.”
Chris Chapman, co-founder of Numitas added ” Our part time finance director was an ideal fit as they were well versed in working with fast growth technology companies and had expertise in a variety of different revenue models adopted by technology businesses. The flexible engagement meant that Geospock received all of the value of the senior Finance Director at a fraction of their full-time cost.”
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