Shoosmiths advises software company on $20m Silicon Valley fundraise
The corporate team at Shoosmiths has advised Matillion, a fast-growing provider of disruptive cloud-based integration software, in a Series B fundraise of $20m.
The company, based in Altrincham, south Manchester and New York City, has brought on board two major Silicon Valley institutional investors, Sapphire Venture and Scale Venture Partners, to further accelerate its international expansion.
Existing UK investor YFM Equity Partners has also increased its stake in the company, which in 2017 saw annual recurring revenue soar 260%.