July 4, 2022
As nominees for this year’s Tech Dealmaker of the Year Award, our corporate team are the legal go-to’s for company investment. That’s why when Clausematch decided they were ready to launch in the US, they partnered with our investment experts to get the funding needed to expand their operations.
The fast-growth RegTech company has streamlined policy management, compliance, and regulatory change for regulated companies, and has given modern businesses the tools to remain agile in an ever-changing regulatory landscape. In recent years, the business has begun to develop a North American presence, furthered by its base of 180,000 users. It counts Barclays, PensionBee and Gemserv among its customer base.
Our Corporate team, which included director Ed Boal and solicitor Jessica Taylor, advised Clausematch on its successful raise of £9m led by Lytical Ventures, Flashpoint, and Sony Innovation Fund. This takes the total funding for Clausematch to just under £17 million.
On this round of investment Clausematch’s founder, Evgeny Likhoded, had this to say on working with Stephenson Law,
“Stephenson Law Corporate team went above and beyond to ensure that we closed the round in time. They navigated all the complexities and our requirements with the speed and dedication and we worked on this round together, as one team. I couldn’t have wished for a better partner in this round.”
Head of Corporate Ed Boal had this to say,
"Having supported Clausematch on a variety of legal matters across its business for over a year now, it’s been great to support the business on this latest raise.
As a business that prides itself on supporting innovative companies from idea to exit, working with Clausematch on this deal was a particularly proud moment for the team. As investment experts, our corporate team have advised countless fast-growth business from seed to Series A, and being part of the Clausematch journey is at the heart of what we do.”
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