Panintelligence, a data visualisation business based in Leeds, has secured £4.5 million in a Series A fundraising backed by TFM Equity Partners and Comhar Capital.
The Panintelligence ‘Pi’ suite of software enables businesses to use data in almost any format to trigger bespoke reports, and visualise trends in real-time, helping businesses to lower costs and inform strategic decisions.
YFM is investing £3.5 million for a minority stake, alongside an additional investment of £1 million by Comhar Capital.
“We’re immensely proud to have grown from a handful of people into a leading-edge BI software business with international clients,” said Zandra Moore, CEO of Panintelligence.
“This Series A capital allows Panintelligence to take advantage of the huge opportunities we are seeing in global markets, particularly the US.
“We chose YFM and Comhar as our partners as we felt they shared our ambition to grow the business in the right way to maintain the culture and the brand.”
Mike Clarke from YFM and Craig Wilkinson from Comhar Capital will also join the Panintelligence board.
Mike Clarke, Investment Director at YFM, added: “We are bringing the capital that will enable Zandra, Ken and a first-rate executive board to drive the business forward.”
Lead advisers on the fundraising were Jim Whittaker and Robert Umpleby of Grant Thornton; legal advice was provided by James Foster and Sophie Davies of Shoosmiths, and by Freeths’ Andy Francey and Megan Atack.