YFM leads £4.5m Series A fundraising at Panintelligence
The rapidly scaling data visualisation, reporting and analytics software developer Panintelligence, has secured backing from YFM Equity Partners and Comhar Capital in a Series A fundraising.
The Panintelligence ‘Pi’ suite of software enables businesses to use data in almost any format to trigger bespoke reports, and visualise trends in real-time, helping businesses to lower costs and inform strategic decisions.
The business, led by CEO Zandra Moore, CTO Ken Miller and operations director Charlotte Bailey, was established in 2014 and employs 40 staff at its Leeds head office.
Originally developed in the credit and banking sectors, the software has a security-first ethos that has proved successful in highly regulated sectors including financial services, healthcare and education. YFM is investing £3.5m for a minority stake, alongside an additional investment of £1m by Comhar Capital. YFM has a track record of backing tech businesses across all sectors in the UK.
Panintelligence CEO Zandra Moore said: “We’re immensely proud to have grown from a handful of people into a leading-edge BI software business with international clients.
“This partnership has secured a significant new source of capital to take advantage of the huge opportunities we are seeing in global markets, particularly the US. We chose YFM and Comhar as our partners as we felt they shared our ambition to grow the business in the right way to maintain the culture and the brand.”
Mike Clarke from YFM and Craig Wilkinson from Comhar Capital will also join the Panintelligence board.
Mike Clarke, investment director at YFM, said: “We quickly saw the value that Panintelligence delivers to its customers through an embedded product. The Pi Dashboard has the potential to be deployed across the globe.”
“Panintelligence is exactly the type of high-growth business we want to support and fundraising now makes perfect sense. We are bringing the capital that will enable Zandra, Ken and a first-rate executive board to drive the business forward.”
Lead advisers on the fundraising were Jim Whittaker and Robert Umpleby of Grant Thornton; legal advice was provided by Shoosmiths and Freeths.
Panintelligence software currently has over 200,000 users worldwide across a wide range of industry sectors, from retail and education to local government and healthcare.
YFM’s investment will be used to accelerate sales and marketing of the core Pi products and continue the development of additional modules. Panintelligence is led by CEO Zandra Moore, CTO Ken Miller and operations director Charlotte Bailey and employs 40 staff at its Leeds head office.