Acuity Advisors, the leading corporate finance advisory, have been selected by PrismaStar to help secure significant A-round funding needed to support the next phase of their development
Acuity Advisors have worked with PrismaStar for the past 12 months and successfully helped them secure their A-round funding in September 2010 from venture capital specialists Octopus Ventures, enabling the company to commercialise its technology and secure a tier one customer base.
PrismaStar, the London-based software-as-a-service (SaaS) business is looking for investors to fund its international expansion. PrismaStar is now looking for finance to capitalise on the company’s recent customer successes and to exploit the emerging opportunity for more sophisticated search and navigation technology on e-commerce websites. The company has 25 employees with a value proposition underpinned by data-driven expertise and an innovative business model.
The Ventures team at Octopus finds and supports talented individuals and exceptional businesses. All of their deals are UK-focused and they invest from £250,000 to £5 million in each business we support, including funds from the Octopus Venture Partners. Previous investments include LoveFiLM, Zoopla, TouchType, graze and Calastone.
“We are very pleased to have the opportunity to continue our work with PrismaStar and look forward to working with them on their A-round funding.” said Acuity’s partner, Matthew Byatt.
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