National law firm Weightmans LLP has advised leading technology company Vee24 on securing $5.5million in Series A funding from high tech venture funds Data Point Capital and Point Judith Capital.

Vee24 provides live website customer engagement systems to international retailers such as Audi, DFS and Vodafone, allowing them to deliver real-time help and advice over live video to customers browsing their websites. Vee24 systems are also used for Technical and sales support directly into stores via in-store touch-screen kiosks.

The Series A funding will now allow Vee24 to expand further into the lucrative American and Asian markets. As part of the overall expansion, they will also be relocating their headquarters to Boston, MA. The company, which already boasts a £multi-million turnover will continue to retain a strong European presence through its offices in Manchester and Brussels as well as its partner network in Germany, France, Spain and Austria.

Paul Raftery, Partner and head of the Corporate department at Weightmans lead the team that advised Vee24. Commenting on the deal he said: “We are thrilled to have helped secure such great financing partners for Vee24. Our aim was to help them to secure investment to broaden their reach and assist them in breaking into the key US and Asian markets.”

“Working on a transatlantic deal was both challenging and rewarding, there is real appetite for investment in the US, especially in innovative companies such as Vee24. The business founders have a fantastic reputation for innovation. Our solid relationship with them and in depth knowledge of the technology and their expertise meant we were well placed to advise on this funding."

Andy Henshaw, Vee24’s Chief Innovation Officer and President of Europe commented: "We built our Business to Consumer Video Chat platform in response to a niche we identified in the marketplace. The Vee24 platform allows companies to deliver an outstanding online experience that is consistent with the great service that in-store shoppers have come to expect. Our Video chat and co-browsing technology allows businesses to provide a much greater level of personalisation within their websites which is being rewarded with much higher sales and outstanding customer satisfaction ratings.”

“We’re delighted to be building a business that has real global opportunities. We would like to thank Paul and the team at Weightmans for their determination and commitment in helping us to secure the investment we needed which will be invaluable in aiding our long-term ambitions”.

“Although this wasn’t my first experience in corporate financing, Weightmans’ certainly made it the least stressful - their outstanding support throughout the whole process has been invaluable at this exciting time for the company.”