WANdisco raises £12.5m from shareholders

WANdisco raises £12.5m from shareholders
Credit: Shutterstock.com/ Number1411

WANdisco, the listed Sheffield-based live data company, has raised $16.2 million (£12.5m) from existing shareholders.

The company said that the figure represents 6.63% of the entire existing capital of WANdisco.

The proceeds will be used to support the company’s relationship with strategic cloud partners and provide growth working capital.

The subscription saw participation from: Davis Partnership; Global Frontier Partners; Ross Creek Capital Management; Acacia Partners; Acacia Partners II; Acacia Institutional Partners; Acacia Conservation Fund, and Herald Investment Management.

David Richards, CEO and Chairman of WANdisco, said: “This year we have struck new partnerships with Databricks and Neudesic and deepened existing relationships, striking a landmark agreement to embed Fusion into Microsoft Azure.

“These strategic partnerships and the successful launch of LiveMigrator and LiveAnalytics, underpins a growing sales pipeline, all of which, gives me confidence in our prospects for this year and over the long-term.”