YFM backs growing planning and forecasting tech business Vuealta
HMT LLP advised the shareholders of planning and forecasting software and services business Vuealta on their multi-million pound fundraising from YFM Equity Partners.
Vuealta was founded in 2017 by seasoned entrepreneurs Ian Stone (CEO) and Adam Bimson (CCO) and delivers scenario planning and forecasting solutions for supply chain, finance and operations. The business has grown rapidly to a team of 70 staff in four countries, with offices in four countries spanning the EMEA, North America and APAC regions.
Vuealta works with customers across a wide range of sectors including global direct-to-consumer beauty company Glossier, growing consumer finance provider NewDay, co-operative dairy company Fonterra and outdoor gear specialist Helly Hansen.
The Vuealta proposition has rapidly gained traction and is delivered via the £7bn market cap Anaplan platform, leveraging its growing market position in business planning software with a worldwide customer base.
The investment backs the experienced founders and management team to continue their global expansion strategy alongside US-based Anaplan. Vuealta is an Anaplan Gold Partner and has a seat on the Anaplan Global Strategic Council.
As part of the investment, private technology investor Dominic Ely, who has worked with numerous technology businesses during stages of high growth, will invest alongside YFM and become non-Executive Chair.
HMT acted as lead advisors on the transaction which included assessing the strategic options for the shareholders and management, identifying suitable investment partners, negotiating detailed investment terms and project managing the deal to a successful completion.
Ian Stone, CEO and Founder of Vuealta commented:
David Wrench, Partner at YFM commented:
“We’re delighted to be backing Ian, Adam and the excellent team they have built following rapid progress in a really exciting growth market. From our first interactions with the team following the introduction from HMT, it was clear that we had a shared mindset and approach which will be crucial in ensuring Vuealta maximises its potential over the coming years. We’re really excited to be involved in this next stage of growth of such an innovative, global technology business.”
Wendy Hart commented:
“Vuealta is an exciting business with a great management team in a growth market. We have thoroughly enjoyed working with Adam, Ian and the team and are delighted that they have found a like-minded investment team with a shared vision for the future. We wish them the very best of luck and look forward to seeing Vuealta go from strength to strength.”
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