Growth & Development Capital
From the outset and in the early development stages of their development, businesses often need to secure growth capital to enable them to grow and achieve their goals.
Whether your business is a start up in need of seed capital or a business that needs funding to help it grow and reach its potential, we are here to help.
Our team advise from start-up seed capital, through series A and subsequent investment rounds. Our clients include entrepreneurs, early stage companies, business angels and professional investors.
Key growth capital services
- Start-ups
- Spin-outs
- Seed capital
- Advanced Subscription Agreements (ASA)
- SEIS and EIS investments
- Convertible Loan Notes
- Series A
- Down rounds
- Equity warrants
- Investor due diligence
- Investment agreements
- Exit planning
In-House Counsel
Our team of experienced lawyers is well-equipped to support you in various ways. Whether you require advice on a specific issue, additional resources due to capacity constraints, or a second opinion, we are here to help. Explore our legal counsel page for more information and details on our schedule of seminars, specifically designed for in-house counsel.
How we work with you
Whilst based in the South of England, Paris Smith acts for businesses and families throughout the UK. Technology has enabled us to provide a high level of service to our clients whether they are local to our offices or not. Our advice can be given in many ways:
- Over the telephone
- Via video conferencing
- In face to face meetings
We will talk through how you would like to be contacted and the best ways for us to meet in our early conversations with you.
Work Examples
Below you can find a few of the different examples of the deals we have been involved in recently.
Nineteen21 Ltd (t/a ismybillfair.com) – Cash and media credit investment
Nineteen21 Ltd (t/a ismybillfair.com) – Cash and media credit investment
The Paris Smith team, led by Michael Moore advised Nineteen21 Limited (trading as ismybillfair.com) on a cash and media credit investment. The transaction involved the conversion of convertible loan notes; the conversion into equity of two rounds of advances subscription investments; a cash investment provided following a rights issue; and an investment from ITV in the form of media credits of an initial £1.25m with an option to invest a further £1.25m.
Mailock Ltd (t/a Beyond Encryption) – major minority investment
Mailock Ltd (t/a Beyond Encryption) – major minority investment
The Paris Smith team, led by Jonathon Roy advised Mailock Limited (trading as Beyond Encryption), a market leader in secure email communication and ID verification solutions, in connection with a major minority investment from West Coast Group which was split between equity and convertible loan notes. West Coast Group is a major distributor of global IT brands in the UK and Europe, including Microsoft, Apple, HP/HPE, Lenovo and others. This partnership will enable Beyond Encryption to pursue its ambitious growth strategy.
Dolphin Homes – Business Growth Fund funding
Dolphin Homes – Business Growth Fund funding
Paris Smith team, led by corporate partner Richard Atcherley, represented Dolphin Homes Limited, a specialist care provider for adults with learning difficulties, in relation to a £2m debt and equity funding package made by Business Growth Fund (BGF). This follows the initial £3.25m investment made by BGF in 2017. The new funding was provided to finance the build of two new specialist care home facilities in Hampshire which will, when built, give Dolphin Homes 15 care home facilities in the southern region
Bowman Power funding rounds
Bowman Power funding rounds
Paris Smith, led by corporate partner Jonathon Roy, have represented Bowman Power Group Ltd, a provider of energy efficient power generators, on several successful rounds of growth funding.
Gozney – venture capital and crowdfunding
Gozney – venture capital and crowdfunding
Paris Smith team, led by corporate partner Michael Moore, advised award winning Gozney Group Limited (Gozney), a designer of innovative fire and stone ovens for home and business use, on provision of funding by an institutional venture capital investor supported by an oversubscribed crowdfunding round. Gozney, with 148% international sales growth over the past 2, were ranked 12th in the Sunday Times Expert Track 100 index.
mOm Incubators – lead investor funding
mOm Incubators – lead investor funding
Paris Smith, led by corporate partner Michael Moore, are proud to have supported MaSa Partners, a US based social impact capital provider that invests patient capital in early-stage, mission-driven companies seeking to shape a better future. MaSa has led two rounds of investment funding in mOm Incubators, a Dyson Global Innovation award winning designer and manufacturer of neonatal portable incubabors which will help put a stop to the thousands of newborn deaths that occur every day due to lack of basic medical equipment.
Quotall – high net worth development capital funding
Quotall – high net worth development capital funding
Paris Smith, led my corporate partner Michael Moore, have represented Quotall Ltd, a provider of software solutions to the insurance industry, on several successful rounds of growth funding.
Kelda Showers – funding rounds
Kelda Showers – funding rounds
Paris Smith team, led by corporate partner Michael Moore, have represented Kelda Showers Limited, a designer and manufacturer of water efficient power showers, on successive successful funding rounds.