Investee Company – Wesupply Ltd (UK)
Investee Company Business Type – Develops web-based applications for supply chain management
Type of Financing – Expansion
Equity Providers – Granville Baird Capital Partners
Equity Leader (Individual) – Nigel Guy and John Martin
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – £3 million
Total Deal Value – £3 million
Other Advisors – Legal – Taylor Joynson Garrett; Technical due diligence – Charteris plc; Financial due diligence – Grant Thornton
Comments – Granville Baird Capital Partners has backed Wesupply in its third round of fund raising. The £3 million raised in this round brings total funding to £9 million.
Wesupply enables real-time sharing of demand and fulfilment information between a company and its network of suppliers to reduce costs, save time and remove inefficiencies from supply chain processes. Wesupply’s customers include Jewson, Lear, Cott Beverage Corporation and SC Johnson.
Director of Granville Baird Capital Partners, Nigel Guy said: “We have been particularly impressed by the robustness of Wesupply’s business case and return on investment proposition as well as the extremely high level of customer and supplier satisfaction from those using the solution. When this business strength is coupled with the experience and quality of the team, the investment opportunity is compelling.”